Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $8,315,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $166.30, for a total value of $8,315,000.00. Following the sale, the chief executive officer directly owned 9,558,163 shares in the company, valued at $1,589,522,506.90. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $177.25, for a total value of $8,862,500.00.
• 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 shares were 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 shares were sold at an average price of $112.98, for a total value 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 value 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 value 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 transaction 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 transaction of $628,593.28.

Vicor Stock Down 6.2%

NASDAQ:VICR opened at $167.81 on Friday. The firm has a market cap of $7.49 billion, a PE ratio of 64.30 and a beta of 1.84. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53. The company’s 50-day moving average price is $162.65 and its two-hundred day moving average price is $106.03.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping 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 analyst estimates of $107.78 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm restated 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 report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $118.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. 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 during the last quarter. Bayban acquired a new position in Vicor in the fourth quarter valued at about $778,000. Pacer Advisors Inc. lifted its stake in Vicor by 240.4% in 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 period. Invesco Ltd. boosted its holdings in Vicor by 125.8% during the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after buying an additional 82,831 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its position in shares of Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.