Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 12,400 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 12,400 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00. Following the transaction, the chief executive officer directly owned 9,755,963 shares in the company, valued at approximately $1,062,131,691.81. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Patrizio Vinciarelli also recently made the following trade(s):

• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $110.12, for a total value of $2,202,400.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $105.28, for a total transaction of $2,105,600.00.
• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The stock was sold at an average price of $101.78, for a total transaction of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was sold at an average price of $101.10, for a total value of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total value of $1,001,800.00.

Vicor Trading Up 0.7%

Shares of NASDAQ:VICR traded up $0.73 during mid-day trading on Monday, reaching $111.75. The stock had a trading volume of 202,142 shares, compared to its average volume of 337,937. The company has a market cap of $4.99 billion, a P/E ratio of 61.06 and a beta of 1.94. The business’s 50 day moving average price is $92.46 and its 200 day moving average price is $64.11. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $112.31.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter last year, the business earned $0.26 EPS. The business’s revenue was up 18.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VICR. Millennium Management LLC increased its position in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Vicor during the 3rd quarter valued at approximately $12,625,000. UBS Group AG grew its holdings in Vicor by 643.6% during the 3rd quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock worth $5,175,000 after acquiring an additional 90,079 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Vicor by 172.2% in the third quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock valued at $4,891,000 after buying an additional 62,233 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICR has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 22nd. Finally, Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.33.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.