Key Points
- Vicor CEO Patrizio Vinciarelli sold 1,883 shares on Dec. 31 for $215,339.88 as part of a series of insider sales in November–December that totaled several million dollars; after the transactions he still directly owns 9,708,163 shares valued at about $1.11 billion (a 0.02% ownership decline).
- VICR stock recently jumped 14.4% (opening at $133.64) after the company beat expectations with $0.63 EPS vs. $0.20 expected and revenue up 18.5%, and analysts carry a consensus rating of "Moderate Buy" with a $98.33 target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 1,883 shares of Vicor stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, the chief executive officer directly owned 9,708,163 shares of the company's stock, valued at $1,110,225,520.68. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Patrizio Vinciarelli also recently made the following trade(s):
- On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $112.98, for a total transaction of $2,259,600.00.
- 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 value 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 value 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 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 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 transaction of $578,696.40.
- On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The shares were sold at an average price of $100.18, for a total transaction of $1,001,800.00.
Vicor Trading Up 14.4%
VICR stock opened at $133.64 on Tuesday. The stock has a market cap of $5.97 billion, a PE ratio of 73.03 and a beta of 1.90. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $149.99. The company has a 50-day moving average price of $96.70 and a 200 day moving average price of $67.12.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS.
Analyst Ratings Changes
A number of research firms recently issued reports on VICR. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a "buy" rating in a report on Wednesday, October 22nd. Craig Hallum raised 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. Zacks Research raised shares of Vicor to a "hold" rating in a research note on Tuesday, December 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Vicor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.33.
View Our Latest Analysis on VICR
Institutional Investors Weigh In On Vicor
Several hedge funds have recently modified their holdings of VICR. Nisa Investment Advisors LLC boosted its stake in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 136 shares during the period. Strs Ohio purchased a new stake in Vicor during the first quarter worth $56,000. GoalVest Advisory LLC bought a new stake in Vicor during the 4th quarter valued at $57,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Vicor in the 3rd quarter valued at $79,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
About Vicor
(
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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