Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 1,883 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 1,883 shares of Vicor stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the sale, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at $1,110,225,520.68. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $112.98, for a total value of $2,259,600.00.
• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The shares were sold at an average price of $111.20, for a total value of $657,970.40.
• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $110.12, for a total value of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total value of $1,349,988.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $105.28, for a total transaction of $2,105,600.00.
• 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 transaction 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 transaction 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 stock was sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Trading Up 24.7%

Shares of VICR traded up $28.89 during mid-day trading on Monday, reaching $145.75. The company had a trading volume of 1,192,221 shares, compared to its average volume of 829,296. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $149.99. The firm has a fifty day simple moving average of $95.83 and a 200-day simple moving average of $66.50. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 79.96 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on VICR. Zacks Research upgraded shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital began coverage on shares of Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.33.

Hedge Funds Weigh In On Vicor

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Millennium Management LLC raised its position in shares of Vicor by 4,634.5% during 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. Colrain Capital LLC lifted its stake in Vicor by 10.4% during the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after purchasing an additional 23,940 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor in the third quarter worth $12,625,000. Institutional investors own 47.45% of the company’s stock.

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.