GSA Capital Partners LLP purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,697 shares of the electronics maker’s stock, valued at approximately $1,784,000.
A number of other institutional investors also recently modified their holdings of VICR. GoalVest Advisory LLC raised its position in shares of Vicor by 23.5% in the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 61 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after buying an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after buying an additional 68 shares during the period. ProShare Advisors LLC grew its stake in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after buying an additional 74 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Vicor by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Craig Hallum increased their target price on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.
Vicor Price Performance
NASDAQ VICR opened at $234.74 on Monday. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 75.24 and a beta of 2.37. The company’s fifty day moving average is $266.38 and its two-hundred day moving average is $231.70. Vicor Corporation has a 52-week low of $45.44 and a 52-week high of $382.65.
Vicor (NASDAQ:VICR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. As a group, sell-side analysts expect that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Vicor news, Director Andrew D’amico sold 331 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the completion of the transaction, the director owned 200 shares of the company’s stock, valued at $63,906. This represents a 62.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Philip D. Davies sold 3,072 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at $406,444.80. This represents a 61.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 312,751 shares of company stock valued at $101,273,682 over the last three months. 28.30% of the stock is owned by corporate insiders.
About Vicor
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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