Pacer Advisors Inc. reduced its position in Vicor Corporation (NASDAQ:VICR – Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,838 shares of the electronics maker’s stock after selling 2,843 shares during the period. Pacer Advisors Inc.’s holdings in Vicor were worth $457,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Vicor by 6.0% in 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. lifted its stake in shares of Vicor by 4.3% during 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 buying an additional 563 shares in the last quarter. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Vicor by 38.4% in the 1st 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 buying an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after buying an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.
Vicor Trading Up 1.0%
Vicor stock opened at $210.88 on Wednesday. The firm’s 50 day simple moving average is $270.78 and its 200 day simple moving average is $230.23. The firm has a market capitalization of $9.72 billion, a PE ratio of 67.59 and a beta of 2.37. Vicor Corporation has a 1-year low of $45.44 and a 1-year high of $382.65.
Analysts Set New Price Targets
A number of brokerages have issued reports on VICR. Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor currently has an average rating of “Moderate Buy” and an average target price of $381.67.
Read Our Latest Research Report on Vicor
Insider Buying and Selling
In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $270.93, for a total value of $5,418,600.00. Following the transaction, the chief executive officer directly owned 8,688,090 shares in the company, valued at $2,353,864,223.70. This represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 313,551 shares of company stock worth $101,525,962 in the last three months. 28.30% of the stock is owned by insiders.
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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