Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $6,461,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00. Following the completion of the sale, the chief executive officer directly owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. This trade represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $375.04, for a total value of $7,500,800.00.
• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The stock was sold at an average price of $345.04, for a total value of $3,878,249.60.
• On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The shares were sold at an average price of $366.98, for a total value of $3,214,744.80.
• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $326.44, for a total transaction of $6,528,800.00.
• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 transaction of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $318.65, for a total transaction 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 transaction of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total transaction of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $270.93, for a total transaction of $5,418,600.00.

Vicor Trading Down 7.8%

Shares of NASDAQ:VICR opened at $350.21 on Thursday. The firm’s 50 day moving average is $299.26 and its two-hundred day moving average is $207.61. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $382.65. The firm has a market capitalization of $15.96 billion, a P/E ratio of 117.13 and a beta of 2.32.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Needham & Company LLC increased their price target on Vicor to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Roth Mkm lifted their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $408.33.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after acquiring an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Vicor by 4.3% during the 1st 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 in the last quarter. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Vicor by 38.4% in the 1st 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 last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

Vicor Company Profile

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.