Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 50,000 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $167.46, for a total value of $8,373,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,358,163 shares of the company’s stock, valued at $1,567,117,975.98. This represents a 0.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $177.25, for a total value of $8,862,500.00.
• On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $166.30, for a total transaction of $8,315,000.00.
• On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00.
• On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88.
• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $112.98, for a total transaction of $2,259,600.00.
• 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 stock was 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 shares were 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 value of $2,060,400.00.

Vicor Trading Up 2.7%

VICR traded up $4.49 during trading on Friday, reaching $172.30. 450,929 shares of the company were exchanged, compared to its average volume of 726,399. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The firm has a 50 day moving average of $162.65 and a 200 day moving average of $106.03. The stock has a market cap of $7.69 billion, a P/E ratio of 66.21 and a beta of 1.84.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Institutional Trading of Vicor

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in Vicor in the third quarter worth about $352,000. Summit Global Investments bought a new position in shares of Vicor during the 3rd quarter valued at about $1,050,000. Colrain Capital LLC grew its stake in shares of Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after purchasing an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Vicor by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after purchasing an additional 10,532 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Vicor during the third quarter valued at approximately $448,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VICR shares. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $118.33.

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.