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

Vicor Corporation (NASDAQ:VICRGet Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the transaction, the chief executive officer directly owned 8,648,090 shares in the company, valued at approximately $2,417,141,155. This represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 stock was 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 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 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.
  • 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 transaction of $7,905,600.00.
  • On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00.
  • On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The shares were sold at an average price of $189.51, for a total transaction of $3,748,128.78.
  • On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The shares were sold at an average price of $187.23, for a total transaction of $4,670,077.89.
  • On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $183.70, for a total transaction of $9,185,000.00.

Vicor Stock Up 1.9%

VICR opened at $303.77 on Friday. The stock has a market cap of $13.85 billion, a P/E ratio of 101.60 and a beta of 2.36. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The company has a fifty day simple moving average of $258.94 and a 200 day simple moving average of $184.47.

Vicor (NASDAQ:VICRGet Free Report) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm 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 for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. On average, equities research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $228.33.

Read Our Latest Report on Vicor

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in Vicor by 167.8% during the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after purchasing an additional 307 shares during the period. NewEdge Advisors LLC lifted its position in Vicor by 1,493.1% during the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after acquiring an additional 1,941 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Vicor during the first quarter worth approximately $209,000. Vestor Capital LLC acquired a new stake in Vicor during the first quarter worth approximately $7,110,000. Finally, Bank of America Corp DE lifted its position in Vicor by 44.4% during the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after acquiring an additional 31,399 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

(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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