Key Points
- Vicor CEO Patrizio Vinciarelli sold 50,000 shares on April 15 at an average of $193.21 for about $9.66M under a pre-arranged Rule 10b5-1 plan, part of a string of recent sales that reduced his stake by 0.56% to 8,895,090 shares (≈$1.72B).
- Despite the insider selling, VICR stock jumped (opened $203.10, up 4.6%) after the company posted a big beat — EPS $1.01 vs $0.38 and revenue $362.7M — while analysts hold an average "Buy" rating but a consensus target of $118.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Patrizio Vinciarelli also recently made the following trade(s):
- On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The shares were sold at an average price of $189.51, for a total value of $3,748,128.78.
- On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The shares were sold at an average price of $187.23, for a total value of $4,670,077.89.
- 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 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 stock was sold at an average price of $167.46, for a total transaction 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 stock was sold at an average price of $166.30, for a total transaction of $8,315,000.00.
Vicor Stock Up 4.6%
Shares of VICR opened at $203.10 on Friday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53. The firm's fifty day moving average is $174.61 and its two-hundred day moving average is $127.37. The stock has a market cap of $9.22 billion, a PE ratio of 77.82 and a beta of 1.97.
Vicor (NASDAQ:VICR - Get Free Report) last announced 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 net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million for the quarter, compared to analysts' expectations of $107.78 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm's quarterly revenue was up 11.5% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in shares of Vicor during the 4th quarter worth $27,000. Nisa Investment Advisors LLC raised its holdings in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. purchased a new position in shares of Vicor during the 4th quarter worth $32,000. Allworth Financial LP raised its holdings in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after acquiring an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Vicor during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Roth Mkm reaffirmed a "buy" rating and set a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $118.33.
Get Our Latest Stock Report on VICR
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.
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