Jefferies Financial Group Inc. purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,660 shares of the electronics maker’s stock, valued at approximately $1,390,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Royal Bank of Canada increased its position in Vicor by 6.0% in the 1st 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vicor by 4.3% in the first 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 in the last quarter. Millennium Management LLC increased its holdings in shares of Vicor by 4,634.5% during the first 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 holdings in shares of Vicor by 38.4% during the first 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 period. Finally, Acadian Asset Management LLC raised its stake in shares of Vicor by 56.1% during the first 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 in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer owned 8,628,090 shares in the company, valued at approximately $2,411,551,155. This represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 285,765 shares of company stock valued at $92,050,357 over the last quarter. 28.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Vicor
Vicor Trading Down 7.8%
Shares of Vicor stock opened at $187.75 on Friday. Vicor Corporation has a 52 week low of $47.56 and a 52 week high of $382.65. The stock has a market cap of $8.66 billion, a PE ratio of 60.18 and a beta of 2.37. The company’s 50-day moving average price is $246.94 and its two-hundred day moving average price is $234.58.
Vicor (NASDAQ:VICR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue was up 49.3% compared to the same quarter last year. On average, equities analysts predict that Vicor Corporation will post 3.12 EPS for the current fiscal year.
Vicor Company 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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