Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 2 at an average price of $327.08, totaling about $6.54 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Vinciarelli has been actively trimming his stake, with several additional sales reported in recent months, including large transactions in March and April. After the latest sale, he still owned 8.77 million shares worth roughly $2.87 billion.
- Vicor shares were trading near their 52-week high at $330.48, and the company recently reported better-than-expected quarterly results. Earnings and revenue both beat analyst estimates, while broker sentiment remains broadly positive with a consensus Buy rating.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $327.08, for a total value of $6,541,600.00. Following the completion of the transaction, the chief executive officer owned 8,768,090 shares in the company, valued at approximately $2,867,866,877.20. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Patrizio Vinciarelli also recently made the following trade(s):
- On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00.
- 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 shares were 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.
Vicor Trading Down 0.7%
Shares of NASDAQ VICR opened at $330.48 on Thursday. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The stock has a fifty day simple moving average of $241.46 and a 200-day simple moving average of $175.21. The stock has a market capitalization of $15.06 billion, a PE ratio of 110.53 and a beta of 2.36.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million during the quarter, compared to analysts' expectations of $109.05 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company's revenue was up 20.2% on a year-over-year basis. On average, equities analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VICR. Roth Mkm reaffirmed a "buy" rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of Vicor in a research note on Monday. Needham & Company LLC boosted their target price on Vicor from $260.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $228.33.
Get Our Latest Report on Vicor
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in Vicor during the 4th quarter worth $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter worth about $32,000. Allworth Financial LP lifted its holdings in 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 buying an additional 288 shares during the last quarter. NBC Securities Inc. purchased a new stake in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its holdings in 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 buying an additional 324 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
