Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $2,060,400.00 in Stock

by · The Cerbat Gem

Vicor Corporation (NASDAQ:VICR – Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $105.28, for a total value of $2,105,600.00.
  • On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The stock was sold at an average price of $101.78, for a total value of $628,593.28.
  • On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The shares were 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 1.0%

Shares of NASDAQ:VICR opened at $107.84 on Thursday. The firm has a market cap of $4.81 billion, a P/E ratio of 58.93 and a beta of 1.94. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $112.31. The company’s 50-day moving average price is $90.44 and its two-hundred day moving average price is $63.09.

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

Hedge Funds Weigh In On Vicor

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of 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. Amalgamated Bank raised its position in shares of Vicor by 3.4% in the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after acquiring an additional 224 shares during the period. Creative Planning boosted its stake in Vicor by 5.4% during the 3rd quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock worth $272,000 after acquiring an additional 281 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in Vicor by 3.3% during the third quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock valued at $613,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Roth Capital assumed coverage on Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective for the company. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.33.

View Our Latest Report 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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