Sterling Capital Management LLC Acquires 6,115 Shares of Vicor Corporation $VICR

Sterling Capital Management LLC grew its holdings in Vicor Corporation (NASDAQ:VICRFree Report) by 4,076.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,265 shares of the electronics maker’s stock after buying an additional 6,115 shares during the quarter. Sterling Capital Management LLC’s holdings in Vicor were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada lifted its position in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 acquiring an additional 563 shares in the last quarter. Millennium Management LLC increased its position 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 acquiring an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vicor by 38.4% in 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 acquiring an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake 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 worth $413,000 after acquiring an additional 3,184 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Vicor Trading Up 3.5%

Shares of NASDAQ:VICR opened at $379.78 on Wednesday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The stock has a market capitalization of $17.31 billion, a P/E ratio of 127.02 and a beta of 2.36. The business has a 50-day moving average price of $296.76 and a two-hundred day moving average price of $205.85.

Vicor (NASDAQ:VICRGet Free Report) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter last year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer directly owned 8,895,090 shares of the company’s stock, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 483,630 shares of company stock valued at $134,697,091 in the last quarter. Corporate insiders own 28.30% of the company’s stock.

Key Vicor News

Here are the key news stories impacting Vicor this week:

  • Positive Sentiment: Analysts and commentary have been constructive on Vicor’s outlook, with one note highlighting strong earnings estimate revisions and others pointing to rising AI power demand, proprietary technology, IP licensing growth, and manufacturing leverage as support for continued gains. Why Vicor (VICR) Might be Well Poised for a Surge
  • Positive Sentiment: Vicor recently hit a new 1-year high, reflecting strong momentum and investor optimism around the company’s AI-related power products and recent operating performance. Vicor (NASDAQ:VICR) Reaches New 1-Year High – Should You Buy?
  • Positive Sentiment: Earlier earnings results were also supportive: Vicor beat EPS and revenue estimates, which continues to underpin the stock’s broader re-rating. Vicor stock information
  • Neutral Sentiment: Several insider sales were disclosed, including CEO Patrizio Vinciarelli, CFO James F. Schmidt, and director Andrew D’Amico. The transactions are relatively small compared with their overall holdings, so they may pressure sentiment somewhat but do not by themselves signal a major fundamental change. CEO insider filing
  • Neutral Sentiment: A market roundup also referenced Vicor in the context of hedge fund and insider trading activity, but did not add a new company-specific catalyst. Hedge Fund and Insider Trading News

Analyst Upgrades and Downgrades

VICR has been the topic of several research analyst reports. Roth Mkm increased their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Needham & Company LLC upped their price objective on Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Craig Hallum increased their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $408.33.

Read Our Latest Report on Vicor

Vicor Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding VICR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vicor Corporation (NASDAQ:VICRFree Report).

Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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