Insider Selling: Vicor (NASDAQ:VICR) CEO Sells 20,000 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $112.98, for a total transaction of $2,259,600.00. Following the completion of the sale, the chief executive officer owned 9,710,046 shares in the company, valued at $1,097,040,997.08. This represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The stock was sold at an average price of $111.20, for a total transaction of $657,970.40.
• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $110.12, for a total transaction of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $105.28, for a total value of $2,105,600.00.
• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The stock was sold at an average price of $101.78, for a total value of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The shares were sold at an average price of $101.10, for a total value of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total value of $1,001,800.00.

Vicor Price Performance

VICR stock traded down $2.18 during trading hours on Wednesday, reaching $111.53. 198,711 shares of the stock were exchanged, compared to its average volume of 339,404. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $116.33. The firm’s 50-day moving average is $94.49 and its 200-day moving average is $65.08. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 60.94 and a beta of 1.94.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VICR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, October 22nd. Roth Capital began coverage on Vicor in a report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price objective on the stock. Needham & Company LLC set a $90.00 price objective on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and an average target price of $98.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VICR. Nisa Investment Advisors LLC boosted its stake in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares during the period. Strs Ohio purchased a new position in Vicor during the first quarter valued at approximately $56,000. iSAM Funds UK Ltd purchased a new position in shares of Vicor in the third quarter worth about $79,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 3,436 shares during the period. 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.