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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $270.93, for a total value of $5,418,600.00. Following the transaction, the chief executive officer owned 8,668,090 shares of the company’s stock, valued at approximately $2,348,445,623.70. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $311.85, for a total value of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $327.08, for a total value of $6,541,600.00.
• On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00.
• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.

Vicor Price Performance

VICR stock opened at $275.51 on Thursday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 92.14 and a beta of 2.36. The business has a 50 day simple moving average of $253.29 and a two-hundred day simple moving average of $182.13.

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

Analyst Upgrades and Downgrades

VICR has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Needham & Company LLC upped their price target 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 issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vicor presently has a consensus rating of “Buy” and an average target price of $228.33.

Institutional Trading of Vicor

Several hedge funds have recently modified their holdings of VICR. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor during the 3rd quarter worth approximately $12,625,000. 47.45% of the stock is owned by hedge funds and other 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.