Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $112.98, for a total value of $2,259,600.00. Following the sale, the chief executive officer owned 9,710,046 shares of the company’s stock, valued at approximately $1,097,040,997.08. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The stock was sold at an average price of $111.20, for a total transaction of $657,970.40.
  • On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $110.12, for a total transaction of $2,202,400.00.
  • On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00.
  • 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 value of $2,105,600.00.
  • On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 shares were sold at an average price of $101.78, for a total value 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 transaction 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 transaction of $1,001,800.00.

Vicor Price Performance

NASDAQ VICR traded down $2.18 during trading hours on Wednesday, reaching $111.53. The company’s stock had a trading volume of 198,711 shares, compared to its average volume of 339,404. The firm has a fifty day simple moving average of $94.49 and a 200-day simple moving average of $65.08. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $116.33. The stock has a market cap of $4.98 billion, a P/E ratio of 60.94 and a beta of 1.94.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $95.40 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research reports. Roth Capital assumed coverage on Vicor in a report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price target for the company. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Check Out Our Latest Analysis on Vicor

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Edgestream Partners L.P. purchased a new stake in Vicor in the 2nd quarter worth approximately $1,559,000. Cubist Systematic Strategies LLC purchased a new position in shares of Vicor during the first quarter worth $1,160,000. Jacobs Levy Equity Management Inc. increased its holdings in Vicor by 19.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker’s stock worth $1,530,000 after purchasing an additional 5,408 shares during the period. XTX Topco Ltd purchased a new stake in Vicor during the 2nd quarter worth about $797,000. Finally, Versor Investments LP acquired a new position in Vicor in the second quarter valued at $342,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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