Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares

Key Points

  • Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 30 at an average price of $375.04, totaling about $7.5 million. The sale reduced his ownership by just 0.24%, but it adds to a series of recent insider sales.
  • Vinciarelli has been steadily selling shares throughout June, including multiple 20,000-share sales and two additional transactions on June 29. The ongoing insider selling may be weighing on investor sentiment.
  • The company’s fundamentals remain strong, with Vicor recently reporting Q1 earnings and revenue that beat estimates and raising second-quarter guidance. Analysts still broadly rate the stock a Buy, with a consensus target price of $408.33.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total value of $7,500,800.00. Following the completion of the transaction, the chief executive officer owned 8,388,090 shares of the company's stock, valued at approximately $3,145,869,273.60. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Patrizio Vinciarelli also recently made the following trade(s):

  • On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The shares were sold at an average price of $345.04, for a total value of $3,878,249.60.
  • On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The stock was sold at an average price of $366.98, for a total value of $3,214,744.80.
  • On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00.
  • On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $326.44, for a total value of $6,528,800.00.
  • On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $360.94, for a total value of $7,218,800.00.
  • On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $329.57, for a total value of $6,591,400.00.
  • On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $318.65, for a total value of $6,373,000.00.
  • On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total value of $6,097,400.00.
  • 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 transaction of $5,590,000.00.
  • 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 transaction of $5,418,600.00.

Vicor Stock Performance




Vicor stock opened at $350.21 on Thursday. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65. The company has a 50-day simple moving average of $299.26 and a 200-day simple moving average of $207.61. The firm has a market capitalization of $15.96 billion, a P/E ratio of 117.13 and a beta of 2.32.

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 the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. As a group, sell-side analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On Vicor

Several large investors have recently bought and sold shares of VICR. Federated Hermes Inc. bought a new stake in shares of Vicor during the 4th quarter worth about $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor in the 4th quarter worth approximately $32,000. Allworth Financial LP boosted its holdings in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Vicor in the fourth quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock valued at $36,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Craig Hallum lifted their price target on Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Needham & Company LLC raised their target price on Vicor to $400.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Vicor in a research note on Monday, June 1st. Finally, Roth Mkm lifted their target price on Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor has a consensus rating of "Buy" and a consensus target price of $408.33.

Check Out Our Latest Report on Vicor

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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