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 on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total transaction of $7,500,800.00. Following the sale, the chief executive officer directly owned 8,388,090 shares of the company’s stock, valued at $3,145,869,273.60. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The stock was sold at an average price of $345.04, for a total transaction of $3,878,249.60.
• On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The shares were sold at an average price of $366.98, for a total transaction of $3,214,744.80.
• On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $323.05, for a total transaction of $6,461,000.00.
• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $326.44, for a total transaction of $6,528,800.00.
• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $360.94, for a total transaction of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $329.57, for a total transaction of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.65, for a total transaction of $6,373,000.00.
• 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 transaction of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 stock was sold at an average price of $270.93, for a total value of $5,418,600.00.

Vicor Trading Down 19.2%

Shares of NASDAQ VICR opened at $282.95 on Friday. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65. The stock’s fifty day simple moving average is $300.00 and its two-hundred day simple moving average is $208.91. The stock has a market capitalization of $12.90 billion, a PE ratio of 94.63 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, equities analysts predict that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after purchasing an additional 68 shares during the period. ProShare Advisors LLC lifted its stake in Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 74 shares during the period. Bouvel Investment Partners LLC boosted its holdings in Vicor by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after acquiring an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after purchasing an additional 90 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 103 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on VICR. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Roth Mkm increased their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Craig Hallum upped their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC upped their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One investment 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. Based on data from MarketBeat.com, Vicor currently has an average rating of “Buy” and a consensus price target of $408.33.

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.