Intech Investment Management LLC boosted its position in shares of Vicor Corporation (NASDAQ:VICR – Free Report) by 31.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,091 shares of the electronics maker’s stock after purchasing an additional 9,305 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Vicor worth $4,284,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of VICR. Royal Bank of Canada boosted its position in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vicor by 4.3% during 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 boosted its position in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after acquiring an additional 3,184 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC upped their price objective on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Roth Mkm restated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $228.33.
Vicor Trading Down 1.8%
Vicor stock opened at $328.85 on Tuesday. The firm has a market capitalization of $14.99 billion, a P/E ratio of 109.98 and a beta of 2.36. The stock has a fifty day moving average price of $234.94 and a 200 day moving average price of $171.83. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.
Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, equities analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Insider Buying and Selling
In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the completion of the sale, the chief executive officer directly owned 9,408,163 shares in the company, valued at $1,667,596,891.75. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 734,410 shares of company stock valued at $147,190,068 in the last ninety days. Corporate insiders own 31.30% of the company’s stock.
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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