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

Key Points

• Vicor CEO Patrizio Vinciarelli sold 50,000 shares on March 10 at an average price of $177.25 for $8.86 million, leaving him with 9,508,163 shares (a 0.52% reduction valued at roughly $1.685 billion).
• This sale is part of a recent pattern of insider selling, with Vinciarelli also selling multiple tranches in early March and late December (including 50,000 shares on March 4 at $201.54 and 50,000 on March 6 at $166.30), representing large, repeated dispositions.
• Company fundamentals remain strong: Vicor reported a blowout quarter (EPS $1.01 vs. $0.38 est., revenue $362.7M vs. $107.8M est.), and the stock trades near $178 with a market cap of about $7.95 billion and a P/E around 68.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the transaction, the chief executive officer directly owned 9,508,163 shares of the company's stock, valued at $1,685,321,891.75. The trade was a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 value 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 shares were 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 stock was sold at an average price of $108.87, for a total value 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 value of $2,105,600.00.
• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00.
• 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 transaction of $628,593.28.

Vicor Stock Performance

Shares of NASDAQ VICR traded up $2.18 during midday trading on Wednesday, reaching $177.98. The stock had a trading volume of 330,593 shares, compared to its average volume of 729,129. The company's 50 day moving average price is $160.10 and its 200 day moving average price is $105.08. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 68.19 and a beta of 1.84.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VICR. Wall Street Zen downgraded Vicor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 23rd. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm restated a "buy" rating and set a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. One equities research 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $118.33.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company grew its stake in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after buying an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock worth $48,205,000 after buying an additional 413,038 shares during the period. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in Vicor in the third quarter valued at approximately $12,625,000. 47.45% of the stock is owned by institutional investors.

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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