Vicor (NASDAQ:VICR) CEO Sells $5,590,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the completion of the sale, the chief executive officer owned 8,648,090 shares of the company’s stock, valued at approximately $2,417,141,155. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $270.93, for a total value of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 stock was 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 stock was 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 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 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.

Vicor Stock Up 1.9%

VICR opened at $303.77 on Friday. The stock has a market cap of $13.85 billion, a PE ratio of 101.60 and a beta of 2.36. The business has a 50 day moving average of $258.94 and a 200-day moving average of $184.47. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on VICR. Roth Mkm restated a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Needham & Company LLC raised their target price on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut 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 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $228.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company raised its stake in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the last quarter. Millennium Management LLC raised its stake in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Vicor during the third quarter valued at $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.