Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares of Stock

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $326.44, for a total transaction of $6,528,800.00. Following the completion of the sale, the chief executive officer directly owned 8,468,090 shares of the company’s stock, valued at $2,764,323,299.60. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $360.94, for a total transaction of $7,218,800.00.
  • On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $329.57, for a total value of $6,591,400.00.
  • On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.65, for a total value of $6,373,000.00.
  • On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total value of $6,097,400.00.
  • On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00.
  • On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $270.93, for a total value of $5,418,600.00.
  • 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 value of $6,237,000.00.
  • On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $327.08, for a total transaction of $6,541,600.00.
  • 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 stock was sold at an average price of $273.09, for a total transaction of $1,092,360.00.

Vicor Price Performance

Shares of Vicor stock traded up $8.56 on Thursday, reaching $330.84. 322,832 shares of the company traded hands, compared to its average volume of 816,371. The company has a 50 day moving average of $284.76 and a 200 day moving average of $198.75. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $369.40. The firm has a market capitalization of $15.08 billion, a PE ratio of 111.28 and a beta of 2.36.

Vicor (NASDAQ:VICRGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Vicor’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

VICR has been the topic of a number of research reports. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC lifted their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research note on Monday. Roth Mkm boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Craig Hallum raised their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday. One 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 company’s stock. According to data from MarketBeat.com, Vicor presently has a consensus rating of “Buy” and a consensus target price of $408.33.

View Our Latest Analysis on Vicor

Vicor News Summary

Here are the key news stories impacting Vicor this week:

  • Positive Sentiment: Vicor’s most recent quarterly results were solid, with EPS of $0.44 beating estimates and revenue rising 20.2% year over year. Those fundamentals help explain why investors have been willing to pay up for the stock. Article Title
  • Positive Sentiment: Wall Street sentiment remains constructive, with Craig Hallum, Needham, and Roth Mkm all raising price targets, and the stock still carrying a consensus “Buy” rating with an average target around $408. Article Title
  • Neutral Sentiment: Vicor shareholders recently approved board and executive pay at the annual meeting, a governance update that does not appear to change the company’s operating outlook. Article Title
  • Negative Sentiment: There has been a wave of insider selling, including CEO Patrizio Vinciarelli, CFO James F. Schmidt, and Director Andrew D’Amico. Large insider sales can weigh on investor confidence even if they do not necessarily reflect a change in business fundamentals. Article Title

Hedge Funds Weigh In On Vicor

A number of large investors have recently modified their holdings of VICR. Royal Bank of Canada boosted its stake in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC grew its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after acquiring an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after acquiring an additional 3,184 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

(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.

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