Baader Bank Aktiengesellschaft bought a new position in Vicor Corporation (NASDAQ:VICR – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 3,522 shares of the electronics maker’s stock, valued at approximately $385,000.
Several other hedge funds also recently made changes to their positions in VICR. Royal Bank of Canada lifted its holdings in shares of Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC lifted 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 worth $413,000 after purchasing an additional 3,184 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.
Insider Buying and Selling
In other news, VP Kemble D. Morrison sold 2,313 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $301.59, for a total value of $697,577.67. Following the sale, the vice president owned 372 shares of the company’s stock, valued at approximately $112,191.48. The trade was a 86.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Mcnamara sold 18,618 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $309.00, for a total value of $5,752,962.00. Following the completion of the sale, the insider directly owned 18,185 shares in the company, valued at $5,619,165. This represents a 50.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 748,666 shares of company stock worth $145,530,238. 31.30% of the stock is owned by corporate insiders.
Vicor Price Performance
Vicor (NASDAQ:VICR – Get Free Report) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.
Vicor News Summary
Here are the key news stories impacting Vicor this week:
- Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
- Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business. Read Our Latest Analysis on VICR
- Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story. Vicor company profile and institutional trading
- Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades
Analyst Ratings Changes
Several brokerages recently issued reports on VICR. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Needham & Company LLC raised their price target on Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $198.33.
Read Our Latest Stock Analysis on Vicor
Vicor Profile
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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