Patrizio Vinciarelli, CEO of Vicor Corporation (NASDAQ: VICR), sold 1,883 shares of the company’s stock on December 31, 2023. The shares were sold at an average price of $114.36, resulting in a total transaction value of $215,339.88. Following this sale, Vinciarelli retains ownership of 9,708,163 shares, currently valued at approximately $1.11 billion, marking a minor decrease of 0.02% in his overall holdings.
The sale was reported in a filing with the U.S. Securities and Exchange Commission (SEC), which is accessible on the agency’s official website. This transaction comes as Vicor’s stock price has seen significant movement; shares experienced a notable increase of 24.7% recently, trading at $145.75 during mid-day trading sessions.
Stock Performance and Analyst Ratings
Vicor Corporation’s stock has a market capitalization of $6.51 billion. Over the past year, the stock has fluctuated between a low of $38.92 and a high of $149.99. The company also reports a price-to-earnings ratio of 79.96 and a beta of 1.90, indicating higher volatility compared to the broader market.
Recent analyst reports provide a mixed outlook on Vicor’s stock. Zacks Research upgraded Vicor shares to a “hold” rating on December 16, 2023. Conversely, Wall Street Zen downgraded the stock from a “strong buy” to a “buy” rating in late November. Weiss Ratings reiterated a “hold (c)” rating in early October, while Roth Capital initiated coverage with a “buy” rating, setting a target price of $115.00. Additionally, Craig Hallum raised its rating from “hold” to “buy,” assigning a price target of $90.00.
According to data from MarketBeat, the consensus rating for Vicor’s stock is “Moderate Buy,” with an average price target of $98.33. Investment analysts have provided a balanced perspective, with one analyst recommending a Strong Buy, two advising Buy, and two suggesting Hold ratings.
Institutional Investment and Market Trends
Vicor’s stock has attracted attention from several institutional investors recently. Dimensional Fund Advisors LP increased its stake by 4.6% in the third quarter, now owning 578,515 shares, valued at approximately $28.76 million. Arrowstreet Capital Limited Partnership significantly expanded its holdings by 1,921.4%, acquiring an additional 254,630 shares to reach a total of 267,882 shares, valued at $13.32 million.
Other notable transactions include Millennium Management LLC, which raised its position by 4,634.5%, now holding 264,611 shares worth approximately $12.38 million. Meanwhile, Colrain Capital LLC and CIBC Bancorp USA Inc. have also increased their stakes, indicating a growing institutional interest. Overall, institutional investors currently own 47.45% of Vicor’s stock, reflecting confidence in the company’s market position and growth potential.
About Vicor Corporation
Founded and headquartered in Andover, Massachusetts, Vicor Corporation specializes in designing and manufacturing modular power components and systems. The company caters to diverse industries requiring high performance and efficiency in power conversion solutions. Its extensive product portfolio includes high-density DC-DC converters, AC-DC front-end modules, and complete power systems, which optimize energy delivery across applications ranging from telecommunications to industrial and automotive systems.
As Vicor continues to navigate a dynamic market, the recent stock activity and analyst ratings highlight crucial trends and investor sentiment surrounding the company’s future.
