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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $327.08, for a total transaction of $6,541,600.00. Following the sale, the chief executive officer directly owned 8,748,090 shares of the company’s stock, valued at $2,861,325,277.20. The trade was a 0.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $7,928,390.88.
• On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00.

Vicor Trading Down 7.4%

VICR stock opened at $306.12 on Friday. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The company has a market capitalization of $13.95 billion, a P/E ratio of 102.38 and a beta of 2.36. The firm has a 50 day simple moving average of $243.97 and a 200-day simple moving average of $176.74.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter last year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

VICR has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $228.33.

Institutional Investors Weigh In On Vicor

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Vicor by 167.8% during the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after acquiring an additional 307 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Vicor by 1,493.1% during the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after acquiring an additional 1,941 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of Vicor during the first quarter worth about $209,000. Vestor Capital LLC bought a new position in shares of Vicor during the first quarter worth about $7,110,000. Finally, Bank of America Corp DE boosted its stake in Vicor by 44.4% during the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock valued at $16,439,000 after purchasing an additional 31,399 shares during the period. 47.45% of the stock is currently owned by institutional investors.

About Vicor

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.