Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares

Key Points

• Vicor CEO Patrizio Vinciarelli sold 20,000 shares on May 28 at an average price of $342.10, generating about $6.84 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Vinciarelli has been actively trimming his stake, with several additional sales reported in recent weeks, including multiple larger transactions in March and April.
• Vicor shares fell 4.8% to $325.64, though the company recently posted strong quarterly results, beating earnings and revenue estimates and drawing mixed-but-generally positive analyst ratings.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the sale, the chief executive officer owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The stock was sold at an average price of $273.09, for a total transaction of $1,092,360.00.
• On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The shares were sold at an average price of $197.64, for a total transaction of $7,905,600.00.
• On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00.
• On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The shares were sold at an average price of $189.51, for a total transaction of $3,748,128.78.
• On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The shares were sold at an average price of $187.23, for a total transaction of $4,670,077.89.
• 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 shares were 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 shares were sold at an average price of $184.67, for a total transaction of $9,233,500.00.

Vicor Stock Down 4.8%

NASDAQ:VICR traded down $16.45 during trading hours on Friday, reaching $325.64. 357,366 shares of the company's stock were exchanged, compared to its average volume of 834,670. The company has a market capitalization of $14.84 billion, a P/E ratio of 108.57 and a beta of 2.33. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The business's 50-day simple moving average is $229.31 and its two-hundred day simple moving average is $168.46.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million during the quarter, compared to analysts' expectations of $109.05 million. During the same period last year, the firm posted $0.06 earnings per share. The firm's revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VICR shares. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Roth Mkm reissued a "buy" rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen lowered shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC lifted their target price on shares of Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $228.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new position in Vicor in the 1st quarter worth $209,000. Vestor Capital LLC acquired a new stake in Vicor in the 1st quarter worth $7,110,000. Bank of America Corp DE grew its position in Vicor by 44.4% in the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker's stock worth $16,439,000 after purchasing an additional 31,399 shares during the last quarter. Amundi grew its position in Vicor by 43.7% in the 1st quarter. Amundi now owns 2,726 shares of the electronics maker's stock worth $439,000 after purchasing an additional 829 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker's stock worth $75,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 47.45% of the company's stock.

About Vicor

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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