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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $183.70, for a total value of $9,185,000.00. Following the completion of the sale, the chief executive officer directly owned 8,984,984 shares of the company’s stock, valued at approximately $1,650,541,560.80. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The stock was sold at an average price of $179.93, for a total value of $4,170,597.47.
• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The shares were sold at an average price of $179.88, for a total value of $7,928,390.88.
• On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $196.18, for a total value of $9,809,000.00.
• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was 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 transaction 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 transaction 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 transaction 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 stock was sold at an average price of $114.36, for a total transaction 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 transaction of $2,259,600.00.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $153.02 on Monday. The company has a 50-day simple moving average of $171.16 and a 200-day simple moving average of $116.59. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 58.63 and a beta of 1.83.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on VICR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm restated a “buy” rating and set a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $118.33.

Hedge Funds Weigh In On Vicor

Large investors have recently modified their holdings of the business. Federated Hermes Inc. purchased a new stake in shares of Vicor in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its holdings in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. acquired a new stake in Vicor in the fourth quarter valued at $32,000. Allworth Financial LP boosted its position in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Vicor during the 4th quarter worth $36,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.