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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total transaction of $7,500,800.00. Following the completion of the transaction, the chief executive officer directly owned 8,388,090 shares in the company, valued at approximately $3,145,869,273.60. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $323.05, for a total value 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 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 stock was 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 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 VICR stock opened at $350.21 on Thursday. The firm has a fifty day simple moving average of $299.26 and a 200-day simple moving average of $207.61. The company has a market capitalization of $15.96 billion, a PE ratio of 117.13 and a beta of 2.32. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $382.65.

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

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

Hedge Funds Weigh In On Vicor

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in Vicor in the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor during the fourth quarter worth $32,000. Allworth Financial LP raised its holdings in shares of Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. bought a new position in shares of Vicor in the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of analyst reports. Roth Mkm increased 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 lifted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC upped their target price on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Vicor has an average rating of “Buy” and an average price target of $408.33.

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.