Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 4,000 shares of the business's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00. Following the sale, the chief executive officer directly owned 167,125 shares of the company's stock, valued at $45,640,166.25. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Patrizio Vinciarelli also recently made the following trade(s):
- On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The shares were sold at an average price of $197.64, for a total transaction of $7,905,600.00.
- On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00.
- On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The stock was sold at an average price of $189.51, for a total transaction of $3,748,128.78.
- On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The stock was sold at an average price of $187.23, for a total transaction 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 transaction 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 transaction of $4,170,597.47.
- On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was 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 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 stock was sold at an average price of $167.46, for a total value of $8,373,000.00.
Vicor Trading Down 1.8%
NASDAQ VICR opened at $268.61 on Tuesday. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $293.95. The stock has a 50-day simple moving average of $187.47 and a 200 day simple moving average of $138.38. The company has a market capitalization of $12.19 billion, a PE ratio of 89.84 and a beta of 1.97.
Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts' expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. As a group, sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Needham & Company LLC upped their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Roth Mkm reaffirmed a "buy" rating and set a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $198.33.
Check Out Our Latest Stock Analysis on VICR
Hedge Funds Weigh In On Vicor
Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at about $27,000. Blue Trust Inc. boosted its position in Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. Harbour Investments Inc. bought a new position in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP grew its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares during 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.
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