Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 10 at an average price of $279.50, for proceeds of $5.59 million. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Vinciarelli has been actively trimming his stake, with multiple share sales in recent weeks, including several 20,000-share transactions in June and larger sales in April and March.
- Vicor’s stock has been strong but volatile: it opened at $298.06, near its 52-week high of $361.89, and the company recently beat quarterly EPS and revenue estimates. Analysts currently have a consensus Buy rating with a target price of $228.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the sale, the chief executive officer owned 8,648,090 shares of the company's stock, valued at $2,417,141,155. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $270.93, for a total value of $5,418,600.00.
- 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 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 stock was 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 stock was 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 stock was sold at an average price of $183.70, for a total value of $9,185,000.00.
Vicor Stock Performance
VICR stock opened at $298.06 on Friday. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm has a market cap of $13.59 billion, a P/E ratio of 99.69 and a beta of 2.36. The stock has a 50-day simple moving average of $256.03 and a 200-day simple moving average of $183.63.
Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) 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 analyst estimates of $109.05 million. During the same quarter last year, the firm earned $0.06 earnings per share. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker's stock worth $79,000 after buying an additional 307 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Vicor by 1,493.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker's stock worth $333,000 after buying an additional 1,941 shares during the last quarter. Axiom Investment Management LLC bought a new position in Vicor during the 1st quarter worth approximately $209,000. Vestor Capital LLC bought a new position in Vicor during the 1st quarter worth approximately $7,110,000. Finally, Bank of America Corp DE lifted its holdings in Vicor by 44.4% during the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker's stock worth $16,439,000 after buying an additional 31,399 shares during the last quarter. Institutional investors own 47.45% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Roth Mkm reiterated a "buy" rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Vicor in a report on Monday, June 1st. Finally, Zacks Research raised 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 given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $228.33.
Get Our Latest Analysis on Vicor
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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