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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. The trade was a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 Stock Performance

Shares of Vicor stock traded up $5.47 during trading on Monday, reaching $109.87. The company had a trading volume of 458,175 shares, compared to its average volume of 336,829. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 60.04 and a beta of 1.94. The firm’s fifty day moving average is $87.14 and its 200-day moving average is $61.86. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week 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, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $110.42 million for the quarter, compared to analysts’ expectations of $95.40 million. During the same period last year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VICR. Charles Schwab Investment Management Inc. boosted its position in Vicor by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after buying an additional 761 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Vicor by 7.7% in the first quarter. Invesco Ltd. now owns 64,649 shares of the electronics maker’s stock worth $3,024,000 after acquiring an additional 4,621 shares in the last quarter. Nuveen LLC acquired a new stake in Vicor during the 1st quarter worth approximately $8,024,000. Algert Global LLC bought a new stake in Vicor in the 1st quarter valued at $661,000. Finally, Jump Financial LLC bought a new stake in shares of Vicor in the first quarter valued at about $1,020,000. 47.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Capital initiated coverage on Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Finally, Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and an average price target 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.