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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $110.12, for a total value of $2,202,400.00. Following the completion of the transaction, the chief executive officer directly owned 9,735,963 shares of the company’s stock, valued at $1,072,124,245.56. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.
• 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 transaction 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 stock was 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 transaction of $1,001,800.00.

Vicor Stock Performance

NASDAQ:VICR traded up $0.73 during mid-day trading on Monday, hitting $111.75. The company had a trading volume of 202,142 shares, compared to its average volume of 337,937. The firm has a market cap of $4.99 billion, a P/E ratio of 61.06 and a beta of 1.94. The business’s fifty day moving average is $92.46 and its two-hundred day moving average is $64.11. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $112.31.

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

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor during the third quarter valued at approximately $12,625,000. UBS Group AG lifted its stake in Vicor by 643.6% in the third quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock worth $5,175,000 after acquiring an additional 90,079 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Vicor by 172.2% during the third quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock valued at $4,891,000 after buying an additional 62,233 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Roth Capital began coverage on shares of Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Research upgraded Vicor to a “hold” rating in a report on Tuesday, December 16th. Finally, Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.33.

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.