Key Points
- Vicor CEO Patrizio Vinciarelli sold 12,400 shares on Dec. 24 and has disposed of about 94,300 shares in recent transactions, reducing his position by 0.13% though he still directly owns ~9.76 million shares valued at roughly $1.06 billion.
- Vicor reported a strong quarter on Oct. 21, with EPS of $0.63 versus $0.20 expected and revenue of $110.4M (up 18.5% YoY), yielding an 18.6% net margin and 13.8% ROE.
- The stock trades near its 52-week high (opened $112.00), carries a market cap of ~$5.0B and a PE of 61.2, while analysts give a consensus rating of “Moderate Buy” with an average price target of $98.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 12,400 shares of the business's stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $108.87, for a total transaction of $1,349,988.00. Following the sale, the chief executive officer directly owned 9,755,963 shares in the company, valued at approximately $1,062,131,691.81. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Patrizio Vinciarelli also recently made the following trade(s):
- 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 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 shares were 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 Stock Up 0.9%
Vicor stock opened at $112.00 on Tuesday. The firm has a market capitalization of $5.00 billion, a PE ratio of 61.20 and a beta of 1.94. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $112.31. The firm's 50-day simple moving average is $93.54 and its 200 day simple moving average is $64.59.
Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company had revenue of $110.42 million during the quarter, compared to analysts' expectations of $95.40 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The firm's quarterly revenue was up 18.5% compared to the same quarter last year.
Institutional Trading of Vicor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Nisa Investment Advisors LLC lifted its holdings in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after acquiring an additional 210 shares during the period. PNC Financial Services Group Inc. increased its position in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker's stock worth $56,000 after purchasing an additional 136 shares during the last quarter. Strs Ohio purchased a new position in Vicor during the first quarter worth approximately $56,000. iSAM Funds UK Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at $79,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Vicor by 993.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker's stock valued at $172,000 after buying an additional 3,436 shares during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum raised Vicor from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of Vicor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 23rd. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a "buy" rating in a research note on Wednesday, October 22nd. Finally, Roth Capital initiated coverage on shares of Vicor in a report on Tuesday, December 16th. They set a "buy" rating and a $115.00 price target for the company. One equities 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 company's stock. Based on data from MarketBeat, Vicor has a consensus rating of "Moderate Buy" and an average price target of $98.33.
Read Our Latest Research Report on Vicor
Vicor Company Profile
(
Get Free Report)
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.
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