Vicor (NASDAQ:VICR) CEO Sells $4,170,597.47 in Stock

Key Points

• Vicor CEO Patrizio Vinciarelli sold 23,179 shares on March 24 for $4,170,597.47 (avg. $179.93) and has carried out a series of other March sales totaling tens of millions, trimming his stake by 0.26% to 9,034,984 shares worth about $1.625 billion.
• The company posted blowout quarterly results—EPS $1.01 vs. $0.38 estimate and revenue $362.7M vs. $107.8M estimate (revenue +11.5% YoY)—and the stock traded up roughly 3% to $186, giving it a market cap of $8.44B and a P/E of 71.26.
• About 47.45% of Vicor is owned by institutions and analysts hold a consensus Buy rating, though the average target price of $118.33 remains well below the current share price.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CEO Patrizio Vinciarelli sold 23,179 shares of Vicor stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $179.93, for a total transaction of $4,170,597.47. Following the completion of the sale, the chief executive officer directly owned 9,034,984 shares in the company, valued at $1,625,664,671.12. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was sold at an average price of $179.88, for a total value 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 value 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 value 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 value 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 value 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 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 transaction 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 transaction of $215,339.88.
• On Tuesday, December 30th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $112.98, for a total transaction 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 transaction of $657,970.40.

Vicor Trading Up 3.0%

Shares of NASDAQ VICR traded up $5.50 during midday trading on Wednesday, hitting $186.00. The company's stock had a trading volume of 737,170 shares, compared to its average volume of 795,331. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 71.26 and a beta of 1.84. The stock has a fifty day moving average price of $170.04 and a 200 day moving average price of $114.15. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 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 company had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. During the same period last year, the firm earned $0.23 EPS. Vicor's revenue for the quarter was up 11.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VICR. Royal Bank of Canada raised its position in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after buying an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after buying an additional 563 shares in the last quarter. Millennium Management LLC increased its stake in Vicor by 4,634.5% in the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after acquiring an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock valued at $413,000 after acquiring an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

VICR has been the subject of several recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm restated a "buy" rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Finally, Zacks Research raised 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $118.33.

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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