Patrizio Vinciarelli Sells 50,000 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $201.54, for a total value of $10,077,000.00. Following the transaction, the chief executive officer owned 9,658,163 shares of the company’s stock, valued at $1,946,506,171.02. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $215,339.88.
• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $112.98, for a total transaction 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 shares were 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 stock was 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 shares were sold at an average price of $101.10, for a total transaction of $578,696.40.

Vicor Trading Down 10.6%

Shares of Vicor stock opened at $162.67 on Friday. The stock’s fifty day simple moving average is $157.70 and its 200 day simple moving average is $102.93. The company has a market capitalization of $7.26 billion, a PE ratio of 62.33 and a beta of 1.84. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53.

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

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Summit Global Investments acquired a new stake in Vicor in the third quarter valued at $1,050,000. Colrain Capital LLC grew its position in shares of Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after acquiring an additional 23,940 shares during the period. SG Americas Securities LLC acquired a new position in shares of Vicor during the 3rd quarter worth about $448,000. Public Sector Pension Investment Board raised its holdings in shares of Vicor by 13.4% in the 3rd 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 period. Finally, Edgestream Partners L.P. bought a new stake in shares of Vicor in the 2nd quarter valued at about $1,559,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICR. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research upgraded shares of 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 research report on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, 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.