Insider Selling: Vicor (NASDAQ:VICR) CEO Sells 50,000 Shares of Stock

Key Points

• Vicor CEO Patrizio Vinciarelli sold 50,000 shares on March 12 at an average of $167.46 for ~$8.37M, and has executed multiple sales since December — roughly $46.5M of insider sales in the period — reducing his stake by 0.53% though he still owns 9,358,163 shares valued at about $1.57B.
• Strong quarterly results: Vicor reported $1.01 EPS vs. $0.38 expected and revenue of $362.7M vs. $107.8M consensus, representing solid year-over-year growth and margin expansion.
• Shares traded up 2.7% to $172.30; analysts' consensus rating is Buy with an average target of $118.33, while the stock carries a market cap of ~$7.69B and a P/E of 66.21.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $167.46, for a total transaction of $8,373,000.00. Following the completion of the transaction, the chief executive officer owned 9,358,163 shares of the company's stock, valued at $1,567,117,975.98. This represents a 0.53% decrease in their position. The sale 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 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 value 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 value of $10,077,000.00.
• On Wednesday, December 31st, Patrizio Vinciarelli sold 1,883 shares of Vicor stock. The stock was sold at an average price of $114.36, for a total value of $215,339.88.
• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $112.98, for a total value of $2,259,600.00.
• On Monday, December 29th, Patrizio Vinciarelli sold 5,917 shares of Vicor stock. The stock was sold at an average price of $111.20, for a total value of $657,970.40.
• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $110.12, for a total transaction of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $105.28, for a total transaction of $2,105,600.00.
• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $103.02, for a total transaction of $2,060,400.00.

Vicor Stock Up 2.7%

Shares of Vicor stock traded up $4.49 during trading on Friday, hitting $172.30. 450,929 shares of the company were exchanged, compared to its average volume of 726,399. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The firm has a 50 day moving average price of $162.65 and a 200 day moving average price of $106.03. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 66.21 and a beta of 1.84.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VICR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reissued a "buy" rating and set a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Vicor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 23rd. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $118.33.

Hedge Funds Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vicor during the third quarter valued at approximately $352,000. Summit Global Investments acquired a new stake in Vicor during the 3rd quarter valued at $1,050,000. Colrain Capital LLC grew its holdings in Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker's stock valued at $12,636,000 after purchasing an additional 23,940 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Vicor by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker's stock worth $4,441,000 after buying an additional 10,532 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Vicor in the 3rd quarter worth $448,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

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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