UBS Group AG reduced its position in Vicor Corporation (NASDAQ:VICR – Free Report) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,848 shares of the electronics maker’s stock after selling 47,228 shares during the quarter. UBS Group AG owned approximately 0.13% of Vicor worth $6,231,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of VICR. Nisa Investment Advisors LLC boosted its stake in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Vicor in the 4th quarter valued at $36,000. First PREMIER Bank bought a new stake in shares of Vicor in the 4th quarter valued at $55,000. PNC Financial Services Group Inc. boosted its stake in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Vicor in the 1st quarter valued at $56,000. 47.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on VICR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Needham & Company LLC upped their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and a consensus price target of $198.33.
Vicor Trading Down 2.2%
Vicor stock opened at $243.43 on Wednesday. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $316.82. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 81.41 and a beta of 2.33. The firm’s fifty day moving average price is $212.46 and its two-hundred day moving average price is $158.22.
Vicor (NASDAQ:VICR – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, research analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.
Insider Buying and Selling at Vicor
In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the transaction, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 748,666 shares of company stock valued at $145,530,238 over the last 90 days. 31.30% of the stock is currently owned by company 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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