Insider Selling: Vicor (NASDAQ:VICR) CEO Sells 24,943 Shares of Stock

Key Points

• Patrizio Vinciarelli, Vicor's CEO, sold 24,943 shares on April 9 at an average price of $187.23 for $4.67M under a pre-arranged Rule 10b5-1 plan and still directly owns about 8.96 million shares (a 0.28% reduction).
• The April sale follows an extensive March selling program—roughly 417,255 shares sold across multiple trades for about $76M—bringing insider sales in the period to roughly $81M in total.
• Vicor reported a strong quarter (EPS $1.01 vs. $0.38 expected; revenue $362.7M vs. $107.8M expected), with the stock trading near $186, a market cap of ~$8.46B and a P/E around 71.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 24,943 shares of the company's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $187.23, for a total value of $4,670,077.89. Following the completion of the transaction, the chief executive officer directly owned 8,960,041 shares in the company, valued at $1,677,588,476.43. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $183.70, for a total transaction of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total transaction of $4,170,597.47.
• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The shares were sold at an average price of $179.88, for a total transaction of $7,928,390.88.
• On Wednesday, March 18th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00.
• On Monday, March 16th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $184.67, for a total transaction of $9,233,500.00.
• On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $167.46, for a total transaction of $8,373,000.00.
• On Tuesday, March 10th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00.
• On Friday, March 6th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $166.30, for a total transaction of $8,315,000.00.
• On Wednesday, March 4th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00.

Vicor Price Performance

Shares of NASDAQ VICR traded up $1.50 during mid-day trading on Friday, hitting $186.42. The company had a trading volume of 168,929 shares, compared to its average volume of 782,549. The business's 50-day simple moving average is $171.22 and its 200-day simple moving average is $122.53. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53. The firm has a market cap of $8.46 billion, a P/E ratio of 71.28 and a beta of 1.97.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The firm had revenue of $362.70 million during the quarter, compared to analyst estimates of $107.78 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The company's quarterly revenue was up 11.5% compared to the same quarter last year.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in shares of Vicor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker's stock worth $490,000 after acquiring an additional 74 shares during the period. Bouvel Investment Partners LLC raised its holdings in shares of Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker's stock worth $2,650,000 after acquiring an additional 85 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker's stock worth $574,000 after acquiring an additional 90 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of 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 acquiring an additional 136 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Vicor by 2.1% during the fourth quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker's stock worth $761,000 after acquiring an additional 140 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICR has been the topic of several research analyst reports. Roth Mkm reissued a "buy" rating and set a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $118.33.

Vicor Company Profile

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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