Key Points
- Insider selling spree: CEO Patrizio Vinciarelli sold 50,000 shares on March 25 at $183.70 for $9.185M and, across multiple trades in March, disposed of roughly 417,000 shares for about $76M in total.
- Still a major holder: After the sales he directly owns 8,984,984 shares—valued at approximately $1.65B—reflecting only a 0.55% decrease in his ownership stake.
- Strong quarterly results: Vicor reported an earnings beat (EPS $1.01 vs. $0.38 consensus and revenue $362.7M vs. $107.8M expected), has a $6.94B market cap, and a consensus analyst rating of "Buy."
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $183.70, for a total transaction of $9,185,000.00. Following the sale, the chief executive officer directly owned 8,984,984 shares in the company, valued at $1,650,541,560.80. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Patrizio Vinciarelli also recently made the following trade(s):
- On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The stock was sold at an average price of $179.93, for a total transaction of $4,170,597.47.
- On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The shares were sold at an average price of $179.88, for a total transaction of $7,928,390.88.
- On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $196.18, for a total transaction of $9,809,000.00.
- On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $184.67, for a total transaction 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 transaction 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 transaction of $8,315,000.00.
- On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was 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 value 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.
Vicor Stock Performance
Shares of VICR stock opened at $153.02 on Friday. The stock has a fifty day simple moving average of $171.16 and a two-hundred day simple moving average of $116.13. The firm has a market capitalization of $6.94 billion, a PE ratio of 58.63 and a beta of 1.84. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53.
Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. During the same quarter last year, the business posted $0.23 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis.
Analysts Set New Price Targets
VICR has been the subject of several research analyst reports. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm reiterated a "buy" rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vicor currently has a consensus rating of "Buy" and an average price target of $118.33.
View Our Latest Analysis on Vicor
Institutional Investors Weigh In On Vicor
Several large investors have recently bought and sold shares of VICR. Royal Bank of Canada raised its stake in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock valued at $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after buying an additional 563 shares in the last quarter. Millennium Management LLC increased its holdings in shares of 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 buying an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after buying an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock valued at $413,000 after buying an additional 3,184 shares in the last quarter. 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.
Further Reading
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