Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $211,680.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the sale, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, July 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.88, for a total value of $6,377,600.00.
• On Tuesday, June 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $375.04, for a total value of $7,500,800.00.
• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The shares were sold at an average price of $345.04, for a total value of $3,878,249.60.
• On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The stock was sold at an average price of $366.98, for a total value of $3,214,744.80.
• On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00.
• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $326.44, for a total transaction of $6,528,800.00.
• 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 shares were sold at an average price of $304.87, for a total transaction of $6,097,400.00.

Vicor Trading Up 5.4%

NASDAQ VICR opened at $277.43 on Friday. The stock has a market cap of $12.65 billion, a P/E ratio of 92.79 and a beta of 2.33. The company has a fifty day simple moving average of $301.00 and a two-hundred day simple moving average of $215.09. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR) last issued 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 analysts’ expectations of $109.05 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC increased its holdings in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Vicor in the second quarter valued at about $242,000. Sapient Capital LLC grew its position in shares of Vicor by 8.0% in the second quarter. Sapient Capital LLC now owns 3,056 shares of the electronics maker’s stock valued at $1,161,000 after purchasing an additional 226 shares during the period. Arista Wealth Management LLC purchased a new stake in shares of Vicor during the second quarter worth about $380,000. Finally, GoalVest Advisory LLC raised its position in shares of Vicor by 23.5% during the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VICR. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC boosted their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $408.33.

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.