Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 44,076 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $179.88, for a total value of $7,928,390.88. Following the sale, the chief executive officer directly owned 9,064,087 shares of the company's stock, valued at approximately $1,630,447,969.56. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Patrizio Vinciarelli also recently made the following trade(s):
- On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $196.18, for a total value of $9,809,000.00.
- On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $184.67, for a total value of $9,233,500.00.
- On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were 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 stock was sold at an average price of $166.30, for a total transaction 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 transaction of $10,077,000.00.
- On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The shares were 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 stock was 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.
Vicor Trading Up 5.2%
NASDAQ:VICR opened at $173.07 on Tuesday. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 66.31 and a beta of 1.83. The firm's fifty day simple moving average is $169.20 and its 200 day simple moving average is $113.25. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53.
Vicor (NASDAQ:VICR - Get Free Report) last announced 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 firm had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. During the same period in the prior year, the company earned $0.23 EPS. The firm's revenue was up 11.5% on a year-over-year basis.
Hedge Funds Weigh In On Vicor
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in shares of Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker's stock worth $533,000 after acquiring an additional 184 shares during the last quarter. Bayban purchased a new position in Vicor in the fourth quarter valued at about $778,000. Pacer Advisors Inc. grew its stake in Vicor by 240.4% during the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker's stock valued at $623,000 after purchasing an additional 4,012 shares in the last quarter. Invesco Ltd. increased its holdings in Vicor by 125.8% during the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker's stock worth $16,293,000 after purchasing an additional 82,831 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker's stock worth $1,602,000 after purchasing an additional 1,388 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Roth Mkm reiterated a "buy" rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. One investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $118.33.
Check Out Our Latest Report on Vicor
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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