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 on Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total value of $9,809,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,108,163 shares of the company’s stock, valued at approximately $1,786,839,417.34. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 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 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 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.

Vicor Price Performance

Shares of VICR stock opened at $164.54 on Friday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 63.04 and a beta of 1.84. The business has a fifty day moving average of $168.52 and a 200 day moving average of $111.53. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $209.53.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results 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. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.

Hedge Funds Weigh In On Vicor

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in Vicor in the fourth quarter valued at $27,000. Harbour Investments Inc. purchased a new stake in shares of Vicor during the 4th quarter worth about $32,000. Allworth Financial LP boosted its stake in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Vicor during the 4th quarter valued at about $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on VICR. Roth Mkm reissued a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Vicor has a consensus rating of “Buy” and a consensus 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.