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 Tuesday, December 30th. The stock was sold at an average price of $112.98, for a total transaction of $2,259,600.00. Following the completion of the transaction, the chief executive officer owned 9,710,046 shares in the company, valued at approximately $1,097,040,997.08. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The shares were sold at an average price of $111.20, for a total value of $657,970.40.
• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $110.12, for a total value of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The stock was sold at an average price of $108.87, for a total value of $1,349,988.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $105.28, for a total value of $2,105,600.00.
• 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 transaction 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 Stock Performance

NASDAQ VICR opened at $109.60 on Friday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 59.89 and a beta of 1.90. The firm has a 50 day simple moving average of $95.30 and a 200-day simple moving average of $65.70. Vicor Corporation has a one year low of $38.92 and a one year high of $116.33.

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

Hedge Funds Weigh In On Vicor

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position 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 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 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. CIBC Bancorp USA Inc. acquired a new stake in Vicor during the 3rd quarter worth $12,625,000. UBS Group AG lifted its position in Vicor by 643.6% in the third quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock valued at $5,175,000 after acquiring an additional 90,079 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Vicor by 172.2% in the third quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock valued at $4,891,000 after acquiring an additional 62,233 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VICR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Zacks Research upgraded Vicor to a “hold” rating in a research note on Tuesday, December 16th. Needham & Company LLC set a $90.00 price objective on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Roth Capital began coverage on shares of Vicor in a research note on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and an average price target of $98.33.

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.