Vicor (NASDAQ:VICR) CEO Sells 20,000 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $323.05, for a total value of $6,461,000.00. Following the transaction, the chief executive officer owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $326.44, for a total value of $6,528,800.00.
• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $360.94, for a total value of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $329.57, for a total value of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $318.65, for a total value of $6,373,000.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total transaction of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total transaction of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $270.93, for a total transaction of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $311.85, for a total transaction of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $327.08, for a total transaction of $6,541,600.00.
• On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00.

Vicor Stock Performance

Shares of NASDAQ VICR traded up $19.68 during midday trading on Monday, hitting $346.61. 248,908 shares of the company traded hands, compared to its average volume of 840,129. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $369.40. The firm has a market cap of $15.80 billion, a P/E ratio of 116.34 and a beta of 2.36. The stock has a 50-day moving average price of $290.25 and a 200 day moving average price of $202.01.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. As a group, equities analysts expect that Vicor Corporation will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Craig Hallum raised their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Roth Mkm raised their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $408.33.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in VICR. Sapient Capital LLC lifted its position in Vicor by 54.6% in the 1st quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 1,000 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Vicor by 6,794.9% in the 1st quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock worth $8,226,000 after purchasing an additional 50,350 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Vicor by 167.8% in the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after purchasing an additional 307 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Vicor by 1,493.1% in the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in shares of Vicor during the first quarter valued at $209,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Company Profile

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.