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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the sale, the chief executive officer owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a 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 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 shares were 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 shares were 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 shares were 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 shares were 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.
• 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 stock was sold at an average price of $184.67, for a total transaction of $9,233,500.00.

Vicor Trading Down 4.8%

Shares of VICR traded down $16.45 on Friday, reaching $325.64. 357,366 shares of the company’s stock were exchanged, compared to its average volume of 834,670. The stock has a market capitalization of $14.84 billion, a P/E ratio of 108.57 and a beta of 2.33. The business has a 50 day moving average price of $229.31 and a two-hundred day moving average price of $168.46. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89.

Vicor (NASDAQ:VICR) 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the previous year, the firm posted $0.06 earnings per share. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VICR. Roth Mkm reiterated a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC upped their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $228.33.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Royal Bank of Canada raised its position in shares of Vicor by 6.0% in 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. raised its position in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC raised its position in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC raised 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 purchasing an additional 3,184 shares during the period. 47.45% of the stock is 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.