Chairman and CEO, 10% Owner Patrizio Vinciarelli, Vicor Corporation Insider Buys $433,500 of Shares on June 13, 2014
Patrizio Vinciarelli, CEO of Vicor Corporation, purchased 57,413 shares of Vicor Corporation (Stock Symbol: VICR) at $7.55 per share for a total amount of $433.5 thousand on June 13, 2014.
Vicor Corporation is located in Andover, Massachusetts.
On 05/20/2014, Vicor Corporation introduced a new series of DC-DC bricks with the announcement of its “HD Brick Series” of converters. Vicor’s new isolated HD Bricks retain the fundamental design attributes of conventional bricks, while providing up to 51% greater power density than competing brick products, with efficiency levels up to 94%.
On 04/22/2014, Vicor Corporation announced its latest quarterly results. Revenues for the first quarter ended March 31, 2014 increased to $53,233,000, compared to $41,946,000 for the corresponding period a year ago, but decreased from $55,258,000 for the fourth quarter of 2013.
According to Capital IQ, Vicor Corporation has a market cap of $300.61 million, an enterprise value of $238.49 million, and trailing 12 month revenues of $210.45 million.
Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems worldwide. Its Brick Business Unit segment offers encapsulated modules; modular power converters; intermediate bus converters; configurable products, including alternating current (AC)-direct current (DC) and DC-DC configurable products; and custom power solutions. The companys VI Chip Business Unit segment provides VI chip products comprising Bus Converter Module, an intermediate bus converter; the Pre-Regulator Module, a non-isolated regulator; the Voltage Transformation Module, an isolated current multiplier; Power Factor Module, an isolated AC-DC converter with power factor correction circuitry; VI brick AC front end module; converter housed in package; and Direct Current Module, an isolated DC-DC converter. Its Picor Business Unit segment offers integrated circuits and related products for use in various power management and power system applications. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, test and measurement instrumentation, and vehicles and transportation industries. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.
Patrizio Vinciarelli’s most recent annual compensation from Vicor Corporation is a salary of $390,142, $37,265 in other compensation, and a total compensation of $427,407. Mr. Vinciarelli is 67 years old.
According to his biography, Dr. Patrizio Vinciarelli, Ph.D., serves as Chairman of the Board, President, Chief Executive Officer of Vicor Corp., since 1981. Prior to founding the Corporation, from 1977 until 1980, he was a Fellow at the Institute for Advanced Study in Princeton, New Jersey. From 1973 through 1976, he was a Fellow at the European Organization for Nuclear Research (CERN), in Meyrin, Switzerland. Dr. Vinciarelli received his doctorate in Physics from the University of Rome, Italy. Dr. Vinciarelli holds more than 100 patents for power conversion technology.
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