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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $318.88, for a total transaction of $6,377,600.00. Following the transaction, the chief executive officer directly owned 8,348,090 shares of the company’s stock, valued at approximately $2,662,038,939.20. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $375.04, for a total transaction of $7,500,800.00.
• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The shares were 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 stock was sold at an average price of $366.98, for a total value of $3,214,744.80.
• On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $323.05, for a total transaction of $6,461,000.00.
• 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 value of $6,528,800.00.
• 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 value of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 shares were 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 stock was 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 shares were sold at an average price of $279.50, for a total value of $5,590,000.00.

Vicor Price Performance

Shares of NASDAQ:VICR traded up $3.98 during midday trading on Monday, reaching $286.93. The company had a trading volume of 380,414 shares, compared to its average volume of 843,589. The stock’s fifty day moving average price is $300.36 and its 200-day moving average price is $210.23. The stock has a market capitalization of $13.08 billion, a P/E ratio of 95.96 and a beta of 2.33. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VICR. Needham & Company LLC boosted their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Roth Mkm lifted their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has an average rating of “Buy” and a consensus target price of $408.33.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vicor in the 3rd quarter valued at approximately $352,000. Range Financial Group LLC purchased a new position in Vicor during the 4th quarter worth approximately $1,537,000. Convergence Investment Partners LLC purchased a new position in Vicor during the 4th quarter worth approximately $1,631,000. Chicago Capital LLC acquired a new stake in Vicor during the 4th quarter valued at $771,000. Finally, Washburn Capital Management Inc. acquired a new stake in Vicor during the 4th quarter valued at $812,000. 47.45% of the stock is currently owned by institutional investors.

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.