Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $6,322,600.00 in Stock

Vicor Corporation (NASDAQ:VICR – Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the sale, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vicor Stock Down 5.5%

Vicor stock opened at $282.78 on Thursday. Vicor Corporation has a 12-month low of $48.53 and a 12-month high of $382.65. The firm’s fifty day moving average is $225.28 and its 200 day moving average is $246.13. The company has a market capitalization of $13.04 billion, a PE ratio of 90.63 and a beta of 2.37.

Vicor (NASDAQ:VICR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same period last year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 49.3% on a year-over-year basis. Sell-side analysts expect that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GoalVest Advisory LLC grew its holdings in shares of Vicor by 23.5% in the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 61 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 61 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after acquiring an additional 68 shares during the period. First PREMIER Bank lifted its holdings in Vicor by 20.0% during the second quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock worth $228,000 after acquiring an additional 100 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Vicor by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Roth Capital restated a “buy” rating and set a $375.00 price objective on shares of Vicor in a report on Tuesday, September 22nd. Craig Hallum upped their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Finally, Needham & Company LLC lifted their price target on shares of Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $391.67.

Get Our Latest Stock Analysis on VICR

Vicor Company Profile

(Get Free Report)

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

See Also

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

Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.