Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on May 28 at an average price of $342.10, totaling about $6.84 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Vinciarelli still directly owned 8.83 million shares of Vicor, worth roughly $3.02 billion, and the sale reduced his position by just 0.23%.
- Vicor’s stock has had a strong run, recently opening at $334.84 with a 52-week range of $41.76 to $361.89. The company also beat quarterly earnings estimates, while analysts currently hold a consensus Buy rating.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,828,090 shares of the company's stock, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a filing 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.
Patrizio Vinciarelli also recently made the following trade(s):
- On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00.
- On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The stock was sold at an average price of $197.64, for a total value of $7,905,600.00.
- On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00.
- 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 shares were sold at an average price of $184.67, for a total value of $9,233,500.00.
Vicor Stock Performance
NASDAQ VICR opened at $334.84 on Friday. The stock has a fifty day moving average of $232.17 and a 200-day moving average of $169.62. The stock has a market capitalization of $15.26 billion, a P/E ratio of 111.99 and a beta of 2.33. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.
Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during 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 business's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vicor
A number of institutional investors have recently made changes to their positions in VICR. Royal Bank of Canada boosted its holdings in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after acquiring an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after acquiring an additional 563 shares during the period. Millennium Management LLC boosted its holdings in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Vicor by 38.4% during the first 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 acquiring an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after acquiring an additional 3,184 shares during the period. Institutional investors own 47.45% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on VICR. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Needham & Company LLC lifted their target price on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Roth Mkm reissued a "buy" rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. One investment 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $228.33.
View 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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