Vicor (NASDAQ:VICR) CEO Sells $9,233,500.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $184.67, for a total transaction of $9,233,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,258,163 shares in the company, valued at $1,709,704,961.21. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $196.18, for a total transaction of $9,809,000.00.
• 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 transaction 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 transaction of $8,862,500.00.
• On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $166.30, for a total transaction of $8,315,000.00.
• On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were 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 stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $108.87, for a total value of $1,349,988.00.

Vicor Trading Down 0.9%

Shares of Vicor stock opened at $190.13 on Friday. The company has a market capitalization of $8.49 billion, a P/E ratio of 72.85 and a beta of 1.84. The stock has a fifty day simple moving average of $168.07 and a 200 day simple moving average of $110.74. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $209.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million for 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 business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS.

Institutional Trading of Vicor

Hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in Vicor in the fourth quarter valued at about $27,000. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% during the 3rd 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 last quarter. Harbour Investments Inc. bought a new stake in shares of Vicor in the 4th quarter worth approximately $32,000. Allworth Financial LP raised 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 worth $35,000 after purchasing an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new position in Vicor in the fourth quarter valued at approximately $36,000. Institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on VICR. Roth Mkm restated a “buy” rating and set a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $118.33.

Vicor Company Profile

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.