Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $326.44, for a total value of $6,528,800.00. Following the completion of the transaction, the chief executive officer owned 8,468,090 shares in the company, valued at $2,764,323,299.60. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $360.94, for a total value of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $329.57, for a total value of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.65, for a total value of $6,373,000.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $270.93, for a total transaction of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $311.85, for a total transaction of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $327.08, for a total transaction of $6,541,600.00.
• On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00.
• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The shares were sold at an average price of $273.09, for a total transaction of $1,092,360.00.

Vicor Stock Performance

Shares of VICR stock opened at $331.59 on Friday. The firm’s 50 day moving average price is $287.59 and its two-hundred day moving average price is $200.40. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $369.40. The stock has a market cap of $15.11 billion, a PE ratio of 110.90 and a beta of 2.36.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, sell-side analysts predict that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Vicor News Summary

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Analysts remain constructive on Vicor, with Craig Hallum, Needham, and Roth Mkm all raising price targets and keeping buy ratings. The stock still carries a consensus Buy rating, which supports the recent strength in shares.
• Positive Sentiment: Vicor’s last quarterly report showed solid execution, with EPS and revenue both beating expectations and revenue rising 20.2% year over year. That strong operating trend helps explain why the stock has been trading near its high end. Article Title
• Neutral Sentiment: Short-interest data showed no material change, with reported short interest still at 0 shares. This appears to be a non-event for investors. Article Title

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at approximately $352,000. Intech Investment Management LLC increased its stake in Vicor by 36.6% during the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after purchasing an additional 7,985 shares in the last quarter. Range Financial Group LLC acquired a new stake in Vicor during the 4th quarter worth approximately $1,537,000. Convergence Investment Partners LLC acquired a new stake in Vicor during the 4th quarter worth approximately $1,631,000. Finally, Chicago Capital LLC bought a new position in Vicor in the fourth quarter valued at approximately $771,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VICR shares. Roth Mkm increased their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC boosted their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. One equities research 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $408.33.

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.