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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $105.28, for a total value of $2,105,600.00. Following the completion of the sale, the chief executive officer owned 9,768,363 shares of the company’s stock, valued at $1,028,413,256.64. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The shares were sold at an average price of $101.78, for a total value of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was sold at an average price of $101.10, for a total value of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Trading Down 1.0%

Shares of NASDAQ VICR opened at $107.84 on Thursday. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $112.31. The firm has a 50-day moving average of $90.44 and a two-hundred day moving average of $63.09. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 58.93 and a beta of 1.94.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Wednesday, October 22nd. Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vicor currently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Institutional Investors Weigh In On Vicor

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Vicor by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after purchasing an additional 761 shares during the period. Invesco Ltd. grew its position in Vicor by 7.7% during the first quarter. Invesco Ltd. now owns 64,649 shares of the electronics maker’s stock valued at $3,024,000 after purchasing an additional 4,621 shares in the last quarter. Jump Financial LLC acquired a new position in Vicor in the 1st quarter valued at approximately $1,020,000. Trexquant Investment LP acquired a new position in Vicor in the 1st quarter valued at approximately $810,000. Finally, Ashford Capital Management Inc. lifted its position in Vicor by 885.7% in the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock worth $11,136,000 after buying an additional 213,895 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.