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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $360.94, for a total transaction of $7,218,800.00. Following the completion of the transaction, the chief executive officer owned 8,508,090 shares of the company’s stock, valued at approximately $3,070,910,004.60. The trade was a 0.23% decrease in their ownership of the stock. The transaction 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 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 transaction 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 transaction of $6,373,000.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total transaction 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 transaction 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 value of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $311.85, for a total value of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $327.08, for a total value 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 value of $6,842,000.00.
• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00.
• On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The shares were sold at an average price of $197.64, for a total value of $7,905,600.00.

Vicor Stock Down 5.5%

NASDAQ VICR traded down $18.55 during trading hours on Wednesday, reaching $317.56. The company’s stock had a trading volume of 374,951 shares, compared to its average volume of 818,184. The firm’s 50-day moving average price is $282.04 and its 200-day moving average price is $197.14. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 106.49 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Equities research analysts anticipate that Vicor Corporation will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm raised their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Needham & Company LLC increased their price target on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $408.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD lifted 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 during the last quarter. Millennium Management LLC lifted its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor during the third quarter valued at $12,625,000. Institutional investors own 47.45% of the company’s stock.

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.