Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $2,105,600.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $105.28, for a total transaction of $2,105,600.00. Following the completion of the sale, the chief executive officer owned 9,788,363 shares of the company’s stock, valued at approximately $1,030,518,856.64. This represents a 0.20% decrease in their position. 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 Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 stock was sold at an average price of $101.78, for a total transaction of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The shares were sold at an average price of $101.10, for a total value of $578,696.40.
• 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 value of $1,001,800.00.

Vicor Price Performance

Shares of NASDAQ VICR opened at $107.84 on Friday. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $112.31. The business has a fifty day moving average price of $91.39 and a 200 day moving average price of $63.40. The stock has a market capitalization of $4.81 billion, a P/E ratio of 58.93 and a beta of 1.94.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VICR shares. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Roth Capital initiated coverage on Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Zacks Research upgraded shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor in the third quarter valued at about $12,625,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Vicor by 188.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,725 shares of the electronics maker’s stock worth $4,262,000 after buying an additional 55,971 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Vicor during the 3rd quarter valued at approximately $375,000. Dark Forest Capital Management LP raised its position in shares of Vicor by 108.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 80,185 shares of the electronics maker’s stock valued at $3,987,000 after buying an additional 41,641 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Vicor in the third quarter worth approximately $218,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.