Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $6,528,800.00 in Stock

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $360.94, for a total transaction of $7,218,800.00.
  • On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 stock was 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 stock was 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 transaction 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 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 value of $6,541,600.00.
  • On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 shares were sold at an average price of $273.09, for a total value of $1,092,360.00.

Vicor Price Performance

NASDAQ VICR opened at $326.93 on Friday. The stock has a market capitalization of $14.90 billion, a P/E ratio of 109.34 and a beta of 2.36. The business has a 50 day simple moving average of $290.25 and a 200 day simple moving average of $201.28. Vicor Corporation has a one year low of $41.76 and a one year high of $369.40.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. Equities analysts expect that Vicor Corporation will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research reports. Roth Mkm raised their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Needham & Company LLC increased their price objective on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Craig Hallum raised their target price on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research 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 data from MarketBeat, Vicor has a consensus rating of “Buy” and an average price target of $408.33.

Get Our Latest Analysis on VICR

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VICR. The Manufacturers Life Insurance Company raised its position in Vicor by 3,918.9% in 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 buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the last quarter. Millennium Management LLC raised its stake in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor during the third quarter valued at about $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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