Key Points
- CEO sale: Vicor CEO Patrizio Vinciarelli sold 50,000 shares on March 16 at an average of $184.67 for $9.23M, leaving him with 9,258,163 shares (a 0.54% reduction) — part of a string of insider sales across March and December totaling several hundred thousand shares.
- Strong quarter but rich valuation: Vicor posted a sizable quarterly beat (EPS $1.01 vs. $0.38 est.; revenue $362.7M vs. $107.8M est.), sending the stock up ~5.9%, though it trades at a high valuation (market cap ≈ $8.77B; P/E ≈ 75).
- Mixed market signals: Several hedge funds and institutional investors have sharply increased positions, while analysts' consensus is "Buy" but the average price target of $118.33 sits well below current trading levels.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction on Monday, March 16th. The shares were sold at an average price of $184.67, for a total value of $9,233,500.00. Following the transaction, the chief executive officer owned 9,258,163 shares in the company, valued at $1,709,704,961.21. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Patrizio Vinciarelli also recently made the following trade(s):
- On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $167.46, for a total value of $8,373,000.00.
- On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $177.25, for a total value of $8,862,500.00.
- On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $166.30, for a total value of $8,315,000.00.
- On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00.
- On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88.
- On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 shares were sold at an average price of $111.20, for a total transaction 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 transaction 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 transaction 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.
Vicor Stock Up 5.9%
Shares of NASDAQ:VICR opened at $196.33 on Wednesday. The firm has a fifty day moving average of $165.95 and a two-hundred day moving average of $109.61. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $209.53. The firm has a market capitalization of $8.77 billion, a P/E ratio of 75.22 and a beta of 1.84.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The business had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. During the same period in the prior year, the business posted $0.23 earnings per share. Vicor's revenue for the quarter was up 11.5% compared to the same quarter last year.
Hedge Funds Weigh In On Vicor
Several hedge funds have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company raised its holdings in Vicor by 3,918.9% during 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 in the last quarter. Price T Rowe Associates Inc. MD boosted 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 in the last quarter. Millennium Management LLC boosted its stake in shares of Vicor by 4,634.5% during 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Vicor during the 3rd quarter valued at about $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on VICR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Wall Street Zen downgraded Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Finally, Roth Mkm reaffirmed a "buy" rating and set a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $118.33.
Check Out Our Latest Stock Analysis 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
