Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 1,883 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 1,883 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total value of $215,339.88. Following the sale, the chief executive officer owned 9,708,163 shares of the company’s stock, valued at approximately $1,110,225,520.68. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $112.98, for a total value of $2,259,600.00.
• 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 transaction 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 transaction of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total transaction 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 transaction 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 transaction 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 transaction 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 value of $1,001,800.00.

Vicor Stock Performance

NASDAQ VICR opened at $133.64 on Tuesday. The business’s fifty day moving average is $96.70 and its 200 day moving average is $67.12. The company has a market capitalization of $5.97 billion, a PE ratio of 73.03 and a beta of 1.90. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $149.99.

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

Institutional Investors Weigh In On Vicor

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares during the last quarter. Strs Ohio purchased a new stake in shares of Vicor during the 1st quarter worth approximately $56,000. GoalVest Advisory LLC bought a new position in shares of Vicor during the 4th quarter valued at approximately $57,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Vicor during the 3rd quarter valued at approximately $79,000. 47.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VICR has been the topic of a number of analyst reports. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, October 22nd. Roth Capital began coverage on Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 target price for the company. Finally, Zacks Research raised Vicor to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.