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 on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total transaction of $6,591,400.00. Following the completion of the transaction, the chief executive officer directly owned 8,548,090 shares in the company, valued at $2,817,194,021.30. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $304.87, for a total transaction of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 shares were 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 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 shares were 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 shares were sold at an average price of $193.21, for a total value of $9,660,500.00.

Vicor Stock Up 0.0%

NASDAQ:VICR traded up $0.15 during trading hours on Thursday, hitting $325.32. 119,488 shares of the company traded hands, compared to its average volume of 812,086. The company has a market cap of $14.83 billion, a PE ratio of 108.80 and a beta of 2.36. The firm’s 50-day simple moving average is $268.96 and its 200-day simple moving average is $190.09. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities research analysts expect that Vicor Corporation will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor in the 3rd quarter valued at about $12,625,000. 47.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC boosted their price target on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $228.33.

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.