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

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total value of $6,842,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00.
  • On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The stock was sold at an average price of $197.64, for a total value of $7,905,600.00.
  • On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00.
  • On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The stock was sold at an average price of $189.51, for a total value of $3,748,128.78.
  • On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The stock was sold at an average price of $187.23, for a total value of $4,670,077.89.
  • On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $183.70, for a total value of $9,185,000.00.
  • On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The stock was sold at an average price of $179.93, for a total value of $4,170,597.47.
  • On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was sold at an average price of $179.88, for a total value of $7,928,390.88.
  • On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $196.18, for a total value of $9,809,000.00.
  • On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total value of $9,233,500.00.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $334.84 on Friday. The stock has a fifty day moving average price of $232.17 and a two-hundred day moving average price of $169.62. The firm has a market cap of $15.26 billion, a P/E ratio of 111.99 and a beta of 2.33. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. lifted its position in shares of Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 275 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at $32,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research reports. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Vicor currently has an average rating of “Buy” and an average price target of $228.33.

View Our Latest Report on VICR

About Vicor

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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