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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total value of $9,809,000.00. Following the transaction, the chief executive officer directly owned 9,158,163 shares of the company’s stock, valued at $1,796,648,417.34. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total value 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 value 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 stock was 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 shares were 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 stock was sold at an average price of $112.98, for a total transaction of $2,259,600.00.
• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The shares were sold at an average price of $111.20, for a total value of $657,970.40.
• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $110.12, for a total value of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The stock was sold at an average price of $108.87, for a total value of $1,349,988.00.

Vicor Trading Down 0.9%

Vicor stock opened at $190.13 on Friday. The stock has a fifty day moving average price of $168.07 and a 200 day moving average price of $110.74. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The firm has a market capitalization of $8.49 billion, a P/E ratio of 72.85 and a beta of 1.84.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The firm had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS.

Analyst Upgrades and Downgrades

VICR has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $118.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new stake in shares of Vicor during the 4th quarter valued at about $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP raised its stake in shares of Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Vicor in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.