Vicor Corporation (NASDAQ:VICR – Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $183.70, for a total transaction of $9,185,000.00. Following the completion of the transaction, the chief executive officer owned 8,984,984 shares in the company, valued at approximately $1,650,541,560.80. This trade represents a 0.55% decrease in their ownership of the stock. The transaction 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 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total transaction of $4,170,597.47.
- On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was sold at an average price of $179.88, for a total transaction of $7,928,390.88.
- On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00.
- On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total transaction of $9,233,500.00.
- On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $167.46, for a total transaction of $8,373,000.00.
- 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 shares were sold at an average price of $166.30, for a total value 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 value of $10,077,000.00.
- On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The stock was sold at an average price of $114.36, for a total value 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 value of $2,259,600.00.
Vicor Price Performance
NASDAQ:VICR opened at $153.02 on Friday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 58.63 and a beta of 1.84. The business has a 50 day moving average of $171.16 and a 200 day moving average of $116.13. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $209.53.
Hedge Funds Weigh In On Vicor
Several large investors have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its position in shares of Vicor by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after purchasing an additional 184 shares in the last quarter. Bayban purchased a new position in Vicor during the fourth quarter valued at $778,000. Pacer Advisors Inc. raised its stake in Vicor by 240.4% during the fourth quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock valued at $623,000 after buying an additional 4,012 shares during the last quarter. Invesco Ltd. boosted its holdings in Vicor by 125.8% in the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after acquiring an additional 82,831 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in shares of Vicor by 10.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after acquiring an additional 1,388 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $118.33.
Check Out Our Latest Report on VICR
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.
Further Reading
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