Patrizio Vinciarelli Sells 5,724 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 5,724 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $101.10, for a total transaction of $578,696.40. Following the completion of the transaction, the chief executive officer directly owned 9,834,539 shares of the company’s stock, valued at approximately $994,271,892.90. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The shares were sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Stock Down 3.1%

Vicor stock opened at $97.80 on Friday. The company’s 50-day moving average price is $82.39 and its 200-day moving average price is $59.83. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $102.19. The company has a market cap of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 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 the consensus estimate of $95.40 million. During the same quarter last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Amalgamated Bank boosted its position in Vicor by 3.4% in the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after buying an additional 224 shares during the period. Creative Planning grew its stake in Vicor by 5.4% in the 3rd quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock worth $272,000 after acquiring an additional 281 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Vicor by 3.3% during the third quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock worth $613,000 after acquiring an additional 394 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICR has been the topic of several analyst reports. Needham & Company LLC set a $90.00 target price on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reissued 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 note on Sunday, November 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.00.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.