Patrizio Vinciarelli Sells 12,400 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 12,400 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00. Following the sale, the chief executive officer owned 9,755,963 shares in the company, valued at $1,062,131,691.81. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $105.28, for a total value 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 value 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 value of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was 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 transaction of $1,001,800.00.

Vicor Stock Performance

VICR stock opened at $113.70 on Wednesday. The company’s fifty day moving average price is $94.49 and its 200-day moving average price is $65.08. Vicor Corporation has a one year low of $38.92 and a one year high of $116.33. The company has a market capitalization of $5.08 billion, a PE ratio of 62.13 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 for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. Vicor’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VICR. Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, October 22nd. Roth Capital began coverage on shares of Vicor in a research report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price target on the stock. Weiss Ratings reaffirmed 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and an average price target of $98.33.

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.