Global Retirement Partners LLC bought a new position in Vicor Corporation (NASDAQ:VICR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,300 shares of the electronics maker’s stock, valued at approximately $873,000.
Several other institutional investors also recently modified their holdings of VICR. Royal Bank of Canada increased its position in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC grew its stake in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vicor by 38.4% during 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 valued at $1,943,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. 47.45% of the stock is owned by institutional investors.
Vicor Stock Performance
Vicor stock opened at $242.41 on Wednesday. Vicor Corporation has a fifty-two week low of $45.44 and a fifty-two week high of $382.65. The stock has a market cap of $11.18 billion, a P/E ratio of 77.70 and a beta of 2.37. The firm’s fifty day moving average price is $265.13 and its 200-day moving average price is $232.87.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on VICR shares. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC dropped their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.
Get Our Latest Stock Report on VICR
Insider Activity at Vicor
In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00. Following the transaction, the chief executive officer directly owned 8,628,090 shares in the company, valued at approximately $2,411,551,155. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 312,751 shares of company stock worth $101,273,682 over the last ninety days. 28.30% of the stock is currently 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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