Patrizio Vinciarelli Sells 6,176 Shares of Vicor (NASDAQ:VICR) Stock

by · The Markets Daily

Vicor Corporation (NASDAQ:VICR – Get Free Report) CEO Patrizio Vinciarelli sold 6,176 shares of Vicor stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $101.78, for a total transaction of $628,593.28. Following the sale, the chief executive officer owned 9,828,363 shares of the company’s stock, valued at approximately $1,000,330,786.14. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was sold at an average price of $101.10, for a total value of $578,696.40.
  • On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total transaction of $1,001,800.00.

Vicor Stock Down 2.9%

Shares of VICR traded down $2.90 during mid-day trading on Friday, reaching $98.08. 331,474 shares of the company’s stock were exchanged, compared to its average volume of 333,055. The company has a 50-day simple moving average of $81.41 and a two-hundred day simple moving average of $59.32. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 53.59 and a beta of 1.94. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $102.19.

Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period in the prior year, the business earned $0.26 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 22nd. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Check Out Our Latest Research Report on VICR

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VICR. Nisa Investment Advisors LLC increased its position in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares during the last quarter. Strs Ohio purchased a new position in shares of Vicor in the first quarter worth approximately $56,000. iSAM Funds UK Ltd purchased a new position in shares of Vicor during the third quarter valued at $79,000. Finally, Tower Research Capital LLC TRC lifted its stake in Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 3,436 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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