Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 12 at an average price of $304.87, for a total of about $6.1 million. The filing says the trade was made under a pre-arranged Rule 10b5-1 plan.
- Vinciarelli has been actively trimming his stake, with multiple additional sales reported in June and April, including several 20,000-share transactions. Despite the sales, he still holds more than 8.6 million shares valued at roughly $2.62 billion.
- Vicor’s shares remain near highs, with the stock opening at $320.46 and trading far above its 52-week low of $41.76. The company also posted better-than-expected quarterly results, and analysts currently rate the stock a Buy on average.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00. Following the sale, the chief executive officer owned 8,608,090 shares in the company, valued at approximately $2,624,348,398.30. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.65, for a total value of $6,373,000.00.
- On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00.
- On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 shares were 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 shares were 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 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 shares were 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.
Vicor Stock Down 0.6%
Shares of NASDAQ:VICR opened at $320.46 on Wednesday. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $361.89. The stock's fifty day simple moving average is $265.57 and its 200-day simple moving average is $188.43. The company has a market capitalization of $14.61 billion, a P/E ratio of 107.18 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 (EPS) for the quarter, beating the consensus estimate 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 earnings per share. The business's revenue was up 20.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently commented on VICR. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Needham & Company LLC upped their target price on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Finally, 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. One 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's stock. Based on data from MarketBeat.com, Vicor has an average rating of "Buy" and an average price target of $228.33.
View Our Latest Report on Vicor
Institutional Investors Weigh In On Vicor
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock worth $277,785,000 after acquiring an additional 60,963 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock worth $97,142,000 after acquiring an additional 171,175 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock worth $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock worth $86,340,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock worth $48,205,000 after acquiring an additional 413,038 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.
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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