Patrizio Vinciarelli Sells 50,000 Shares of Vicor (NASDAQ:VICR) Stock

Key Points

• Patrizio Vinciarelli sold 50,000 shares on March 16 at an average price of $184.67 for $9,233,500, part of a string of recent insider sales that reduced his stake by 0.54%; he still owns 9,258,163 shares valued at about $1.71 billion.
• Vicor’s Q2 results far exceeded expectations — EPS $1.01 vs. $0.38 and revenue $362.7M vs. $107.8M — which helped push the stock up roughly 5.9% to $196.33 and give the company an $8.77 billion market cap.
• Institutional interest remains significant, with 47.45% of the stock owned by institutions (notably Invesco materially increased its stake), and the consensus analyst rating is "Buy" despite a reported consensus target price of $118.33.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the firm's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $184.67, for a total transaction of $9,233,500.00. Following the sale, the chief executive officer owned 9,258,163 shares of the company's stock, valued at approximately $1,709,704,961.21. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 12th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $110.12, for a total value 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.

Vicor Stock Up 5.9%

VICR stock traded up $10.91 during mid-day trading on Tuesday, hitting $196.33. 743,254 shares of the company were exchanged, compared to its average volume of 737,388. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $209.53. The firm has a market capitalization of $8.77 billion, a P/E ratio of 75.22 and a beta of 1.83. The business has a fifty day simple moving average of $164.80 and a 200-day simple moving average of $108.59.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.63. The business had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The business's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS.

Institutional Trading of Vicor

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in Vicor by 3.9% during the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker's stock worth $533,000 after purchasing an additional 184 shares during the period. Bayban acquired a new stake in Vicor in the 4th quarter valued at about $778,000. Pacer Advisors Inc. boosted its stake in shares of Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker's stock valued at $623,000 after buying an additional 4,012 shares during the period. Invesco Ltd. grew its position in shares of Vicor by 125.8% during the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker's stock worth $16,293,000 after buying an additional 82,831 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in shares of Vicor by 10.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker's stock worth $1,602,000 after buying an additional 1,388 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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