Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 6,176 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 6,176 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $101.78, for a total transaction of $628,593.28. Following the sale, the chief executive officer directly owned 9,828,363 shares of the company’s stock, valued at $1,000,330,786.14. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was sold at an average price of $101.10, for a total transaction of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Trading Down 3.1%

Shares of NASDAQ VICR opened at $97.80 on Friday. The stock has a market cap of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $102.19. The company has a 50-day moving average of $82.39 and a 200 day moving average of $59.71.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. The business had revenue of $110.42 million for the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently modified their holdings of VICR. JPMorgan Chase & Co. raised its holdings in shares of Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock valued at $207,994,000 after buying an additional 598,896 shares during the period. Millennium Management LLC grew its position in 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 acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Vicor during the third quarter worth about $12,625,000. Finally, Ashford Capital Management Inc. lifted its position in shares of Vicor by 885.7% during the first quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock worth $11,136,000 after purchasing an additional 213,895 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VICR has been the topic of a number of recent research reports. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.