Rice Hall James & Associates LLC boosted its stake in shares of Vicor Corporation (NASDAQ:VICR – Free Report) by 15.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 38,761 shares of the electronics maker’s stock after purchasing an additional 5,144 shares during the period. Rice Hall James & Associates LLC’s holdings in Vicor were worth $4,248,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in Vicor during the 4th quarter valued at approximately $27,000. Harbour Investments Inc. bought a new position in Vicor during the 4th quarter valued at approximately $32,000. Allworth Financial LP increased its position in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. bought a new position in Vicor during the 4th quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. increased its position in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.
Vicor Stock Performance
NASDAQ VICR opened at $322.41 on Tuesday. The company has a market capitalization of $14.70 billion, a PE ratio of 107.83 and a beta of 2.36. The business’s fifty day moving average is $262.28 and its 200 day moving average is $186.80. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89.
Analyst Upgrades and Downgrades
VICR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Roth Mkm reissued a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Needham & Company LLC lifted their target price on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vicor presently has an average rating of “Buy” and a consensus price target of $228.33.
Check Out Our Latest Report on Vicor
Insider Activity at Vicor
In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer directly owned 8,895,090 shares in the company, valued at $1,718,620,338.90. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 504,175 shares of company stock valued at $117,108,774 in the last quarter. 28.30% of the stock is owned by insiders.
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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