Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 50,000 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $196.18, for a total transaction of $9,809,000.00. Following the sale, the chief executive officer owned 9,158,163 shares of the company’s stock, valued at approximately $1,796,648,417.34. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total transaction of $9,233,500.00.
• On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $167.46, for a total value of $8,373,000.00.
• On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $177.25, for a total value of $8,862,500.00.
• On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $166.30, for a total value of $8,315,000.00.
• On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00.
• On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The shares were sold at an average price of $114.36, for a total value of $215,339.88.
• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 stock was sold at an average price of $111.20, for a total transaction 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 transaction of $1,349,988.00.

Vicor Price Performance

Shares of VICR stock traded down $6.43 during mid-day trading on Thursday, hitting $185.41. The company had a trading volume of 559,749 shares, compared to its average volume of 735,392. The stock’s 50 day moving average price is $166.99 and its 200-day moving average price is $110.19. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53. The company has a market capitalization of $8.28 billion, a P/E ratio of 71.06 and a beta of 1.84.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares in the last quarter. Millennium Management LLC lifted its holdings 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 purchasing an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 worth $13,319,000 after purchasing an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Vicor in the 3rd quarter worth $12,625,000. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VICR. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Mkm reissued a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $118.33.

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.