Vicor (NASDAQ:VICR) CEO Sells $6,541,600.00 in Stock

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $327.08, for a total transaction of $6,541,600.00. Following the sale, the chief executive officer directly owned 8,748,090 shares of the company’s stock, valued at approximately $2,861,325,277.20. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $311.85, for a total transaction of $6,237,000.00.
  • On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00.
  • On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The shares were sold at an average price of $273.09, for a total transaction of $1,092,360.00.
  • On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The shares were sold at an average price of $197.64, for a total transaction of $7,905,600.00.
  • On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00.
  • On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The stock was sold at an average price of $189.51, for a total transaction of $3,748,128.78.
  • On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The stock was sold at an average price of $187.23, for a total transaction of $4,670,077.89.
  • On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $183.70, for a total transaction of $9,185,000.00.
  • On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The stock was 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.

Vicor Price Performance

VICR opened at $271.04 on Friday. The firm has a market cap of $12.35 billion, a P/E ratio of 90.65 and a beta of 2.36. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The company has a 50 day simple moving average of $245.67 and a two-hundred day simple moving average of $177.40.

Vicor (NASDAQ:VICRGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Equities analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Vicor

Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in Vicor during the third quarter valued at $352,000. Colrain Capital LLC lifted its position in Vicor by 10.4% during 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% during 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. Intech Investment Management LLC lifted its position in Vicor by 36.6% during the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after purchasing an additional 7,985 shares during the last quarter. Finally, Range Financial Group LLC bought a new position in Vicor during the fourth quarter valued at $1,537,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VICR. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research report on Monday. Roth Mkm restated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $228.33.

Check Out Our Latest Stock Report on Vicor

Vicor Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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