Vicor (NASDAQ:VICR) CEO Sells $6,373,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Monday, June 15th. The shares were sold at an average price of $318.65, for a total value of $6,373,000.00. Following the completion of the transaction, the chief executive officer owned 8,588,090 shares of the company’s stock, valued at approximately $2,736,594,878.50. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $329.57, for a total value of $6,591,400.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 transaction 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 transaction 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 transaction 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 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.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $331.37 on Friday. The firm has a fifty day moving average price of $272.39 and a two-hundred day moving average price of $191.79. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 110.83 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89.

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 the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 20.2% on a year-over-year basis. Equities research analysts expect that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on VICR shares. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC raised their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $228.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during 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 valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after buying an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after buying an additional 3,184 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.