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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $110.12, for a total transaction of $2,202,400.00. Following the sale, the chief executive officer directly owned 9,735,963 shares of the company’s stock, valued at $1,072,124,245.56. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The shares were sold at an average price of $111.20, for a total transaction of $657,970.40.
• 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 shares were 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 stock was 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 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 Trading Up 1.5%

Shares of Vicor stock opened at $113.70 on Wednesday. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $116.33. The company has a market cap of $5.08 billion, a P/E ratio of 62.13 and a beta of 1.94. The stock has a 50-day moving average price of $94.49 and a 200 day moving average price of $65.08.

Vicor (NASDAQ:VICR) last released 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 for the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS.

Institutional Investors Weigh In On Vicor

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VICR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Zacks Research upgraded Vicor to a “hold” rating in a report on Tuesday, December 16th. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 22nd. Finally, Roth Capital initiated coverage on Vicor in a research report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 target price on the stock. 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 presently has an average rating of “Moderate Buy” and a consensus 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.