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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $183.70, for a total transaction of $9,185,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,984,984 shares in the company, valued at approximately $1,650,541,560.80. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $4,170,597.47.
• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was sold at an average price of $179.88, for a total transaction 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 transaction of $9,809,000.00.
• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total transaction 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 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 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 stock was sold at an average price of $112.98, for a total value of $2,259,600.00.

Vicor Stock Down 3.1%

NASDAQ VICR opened at $153.02 on Friday. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The company has a market capitalization of $6.94 billion, a P/E ratio of 58.63 and a beta of 1.84. The stock’s 50-day moving average price is $171.16 and its 200-day moving average price is $115.67.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data 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. 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 the consensus estimate of $107.78 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 11.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $118.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of Vicor during the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 210 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Vicor during the fourth quarter worth $32,000. Allworth Financial LP grew its stake in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Vicor during the fourth quarter valued at $36,000. 47.45% of the stock is currently owned by institutional investors.

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.