Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 44,076 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 44,076 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $179.88, for a total transaction of $7,928,390.88. Following the completion of the sale, the chief executive officer directly owned 9,064,087 shares in the company, valued at $1,630,447,969.56. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00.
• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $184.67, for a total value of $9,233,500.00.
• On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $167.46, for a total value of $8,373,000.00.
• On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $177.25, for a total value of $8,862,500.00.
• On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $166.30, for a total value of $8,315,000.00.
• On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $201.54, for a total value of $10,077,000.00.
• On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The shares were sold at an average price of $114.36, for a total value of $215,339.88.
• 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 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.

Vicor Trading Up 5.2%

Shares of VICR stock opened at $173.07 on Tuesday. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 66.31 and a beta of 1.83. The firm has a 50-day moving average price of $169.20 and a 200 day moving average price of $113.25. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VICR. Federated Hermes Inc. purchased a new stake in Vicor in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC raised its stake in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $32,000. Allworth Financial LP boosted its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Vicor during the 4th quarter valued at $36,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $118.33.

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.