Insider Selling: Vicor (NASDAQ:VICR) CEO Sells 24,943 Shares of Stock

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 24,943 shares of the business's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $187.23, for a total value of $4,670,077.89. Following the completion of the transaction, the chief executive officer directly owned 8,960,041 shares of the company's stock, valued at approximately $1,677,588,476.43. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Patrizio Vinciarelli also recently made the following trade(s):

• On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $183.70, for a total value of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total value 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 value 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 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 shares were 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.

Vicor Stock Up 0.4%

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Shares of VICR stock opened at $185.61 on Friday. The stock has a market cap of $8.42 billion, a PE ratio of 71.12 and a beta of 1.97. The business has a 50-day simple moving average of $171.78 and a 200-day simple moving average of $123.44. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53.

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Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS.

Institutional Investors Weigh In On Vicor

Several large investors have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company increased its stake in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock worth $47,368,000 after buying an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 buying an additional 413,038 shares in the last quarter. Millennium Management LLC increased its stake in 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 buying an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock worth $13,319,000 after buying an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor during the 3rd quarter worth approximately $12,625,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VICR. Roth Mkm restated a "buy" rating and issued a $175.00 price target 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 report on Monday, February 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Vicor has an average rating of "Buy" and an average target price of $118.33.

View Our Latest Analysis 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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