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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $304.87, for a total transaction of $6,097,400.00. Following the completion of the transaction, the chief executive officer owned 8,608,090 shares in the company, valued at $2,624,348,398.30. This represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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 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 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 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 stock was sold at an average price of $197.64, for a total value of $7,905,600.00.
• On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00.
• On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The stock was sold at an average price of $189.51, for a total value of $3,748,128.78.

Vicor Stock Up 1.5%

Shares of VICR stock opened at $325.17 on Thursday. The stock has a fifty day moving average of $268.96 and a 200 day moving average of $190.09. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 108.75 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Vicor by 6,794.9% during the first quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock valued at $8,226,000 after buying an additional 50,350 shares during the period. Parallel Advisors LLC raised its position in shares of Vicor by 167.8% in the 1st 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 last quarter. NewEdge Advisors LLC raised its position in shares of Vicor by 1,493.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after purchasing an additional 1,941 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of Vicor in the 1st quarter worth about $209,000. Finally, Vestor Capital LLC purchased a new position in shares of Vicor in the 1st quarter worth about $7,110,000. Hedge funds and other institutional investors 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.