Hsbc Holdings PLC acquired a new stake in Vicor Corporation (NASDAQ:VICR – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,864 shares of the electronics maker’s stock, valued at approximately $1,250,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in shares of Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. purchased a new position in shares of Vicor in the fourth quarter worth about $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. NBC Securities Inc. acquired a new position in Vicor during the fourth quarter worth about $36,000. Finally, SBI Securities Co. Ltd. grew its stake in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.
Vicor Trading Down 2.2%
Shares of VICR opened at $206.44 on Tuesday. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65. The firm has a 50-day moving average price of $291.22 and a 200 day moving average price of $225.29. The firm has a market capitalization of $9.41 billion, a P/E ratio of 66.17 and a beta of 2.33.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Needham & Company LLC cut their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum upped their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Vicor presently has an average rating of “Moderate Buy” and a consensus price target of $381.67.
Insider Activity
In other news, CFO James F. Schmidt sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total transaction of $331,680.00. Following the completion of the sale, the chief financial officer owned 1,000 shares in the company, valued at $331,680. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew D’amico sold 331 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $319.53, for a total transaction of $105,764.43. Following the sale, the director directly owned 200 shares in the company, valued at approximately $63,906. The trade was a 62.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 367,606 shares of company stock worth $117,177,948. Corporate insiders own 28.30% 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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