Insider Selling: Vicor (NASDAQ:VICR) CEO Sells 20,000 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $105.28, for a total transaction of $2,105,600.00. Following the sale, the chief executive officer owned 9,788,363 shares of the company’s stock, valued at $1,030,518,856.64. This trade represents a 0.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The shares were sold at an average price of $101.78, for a total value of $628,593.28.
• 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 shares were sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Price Performance

Shares of NASDAQ VICR traded down $2.86 during midday trading on Tuesday, reaching $108.16. The company’s stock had a trading volume of 281,017 shares, compared to its average volume of 337,495. The stock has a market capitalization of $4.83 billion, a P/E ratio of 59.34 and a beta of 1.94. The firm has a 50 day moving average price of $88.32 and a 200-day moving average price of $62.33. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $112.31.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. The firm had revenue of $110.42 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Nisa Investment Advisors LLC lifted its stake in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 136 shares during the period. Strs Ohio purchased a new stake in shares of Vicor in the first quarter worth $56,000. iSAM Funds UK Ltd purchased a new stake in shares of Vicor in the third quarter worth $79,000. Finally, Tower Research Capital LLC TRC boosted its stake in Vicor by 993.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after buying an additional 3,436 shares during the period. Institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital assumed coverage on shares of Vicor in a research note on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Finally, Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.33.

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.