Sierra Summit Advisors LLC Acquires New Shares in Vicor Corporation $VICR

Sierra Summit Advisors LLC bought a new position in shares of Vicor Corporation (NASDAQ:VICRFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,754 shares of the electronics maker’s stock, valued at approximately $1,087,000.

Several other institutional investors also recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the period. Harbour Investments Inc. bought a new stake in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP increased its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vicor

In other Vicor news, CFO James F. Schmidt sold 1,000 shares of Vicor stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $331.68, for a total value of $331,680.00. Following the sale, the chief financial officer owned 1,000 shares of the company’s stock, valued at $331,680. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total value of $7,500,800.00. Following the completion of the sale, the chief executive officer owned 8,388,090 shares in the company, valued at approximately $3,145,869,273.60. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 503,630 shares of company stock valued at $142,197,891. 28.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VICR. Roth Mkm lifted their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum boosted their target price on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC increased their price target on Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vicor presently has an average rating of “Buy” and an average target price of $408.33.

Read Our Latest Stock Analysis on Vicor

Vicor Stock Performance

Shares of VICR stock opened at $282.95 on Friday. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $382.65. The company’s 50 day moving average price is $300.00 and its two-hundred day moving average price is $208.91. The company has a market capitalization of $12.90 billion, a P/E ratio of 94.63 and a beta of 2.33.

Vicor (NASDAQ:VICRGet Free Report) last released its quarterly 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 net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. Analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current year.

About Vicor

(Free Report)

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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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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