Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 8 for about $5.42 million at an average price of $270.93. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell slightly by 0.23%.
- This was part of a pattern of recent insider selling, with Vinciarelli also selling multiple 20,000-share blocks in early June and several larger transactions in April and March.
- Vicor has reported strong recent results and positive analyst sentiment, beating quarterly EPS and revenue estimates, while analysts currently hold a consensus “Buy” rating with an average price target of $228.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Monday, June 8th. The shares were sold at an average price of $270.93, for a total value of $5,418,600.00. Following the completion of the transaction, the chief executive officer owned 8,688,090 shares in the company, valued at approximately $2,353,864,223.70. The trade was a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $311.85, for a total value of $6,237,000.00.
- On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $327.08, for a total value of $6,541,600.00.
- On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 shares were 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.
Vicor Price Performance
Shares of NASDAQ:VICR opened at $283.48 on Wednesday. The business's 50-day moving average is $250.62 and its 200-day moving average is $180.77. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 94.81 and a beta of 2.36.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $109.05 million. During the same period in the prior year, the business earned $0.06 EPS. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. Analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Needham & Company LLC upped their price target 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 downgraded Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm reissued a "buy" rating and set a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Finally, Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. One equities 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 company. Based on data from MarketBeat, Vicor currently has a consensus rating of "Buy" and an average target price of $228.33.
Check Out Our Latest Stock Report on VICR
Hedge Funds Weigh In On Vicor
Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. bought a new position in shares of Vicor in the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in shares of Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock valued at $43,000 after acquiring an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock valued at $45,000 after acquiring an additional 275 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 197 shares in the last quarter. 47.45% of the stock is owned by institutional investors.
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.
Featured Articles
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].
