Patrizio Vinciarelli Sells 24,943 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 24,943 shares of Vicor stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $187.23, for a total value of $4,670,077.89. Following the transaction, the chief executive officer directly owned 8,960,041 shares of the company’s stock, valued at $1,677,588,476.43. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $183.70, for a total value of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total value of $4,170,597.47.
• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The shares were sold at an average price of $179.88, for a total value of $7,928,390.88.
• 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 value 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 stock was 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 stock was 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.

Vicor Trading Up 0.4%

Shares of NASDAQ VICR opened at $185.61 on Friday. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 71.12 and a beta of 1.97. The business has a 50-day moving average of $171.78 and a 200-day moving average of $123.93.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new stake in Vicor in the third quarter valued at approximately $352,000. Summit Global Investments bought a new stake in Vicor in the third quarter valued at approximately $1,050,000. Colrain Capital LLC lifted its position in Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after purchasing an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Vicor by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after purchasing an additional 10,532 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Vicor in the third quarter valued at approximately $448,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VICR shares. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.