Sandro Wealth Management LLC Acquires New Shares in Vicor Corporation $VICR

Sandro Wealth Management LLC acquired a new position in shares of Vicor Corporation (NASDAQ:VICR – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,500 shares of the electronics maker’s stock, valued at approximately $3,988,000. Vicor comprises 2.9% of Sandro Wealth Management LLC’s holdings, making the stock its 7th biggest position.

Several other large investors have also recently added to or reduced their stakes in VICR. Carolina Wealth Advisors LLC lifted its stake in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after buying an additional 61 shares during the last quarter. Elevation Wealth Partners LLC bought a new position in shares of Vicor during the second quarter worth about $76,000. Federated Hermes Inc. bought a new position in shares of Vicor during the fourth quarter worth about $27,000. Blue Trust Inc. grew its position in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 254 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC increased its holdings in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 275 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

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Vicor Stock Performance

NASDAQ:VICR opened at $234.74 on Friday. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 75.24 and a beta of 2.37. Vicor Corporation has a 1 year low of $45.44 and a 1 year high of $382.65. The business has a fifty day moving average of $266.38 and a 200-day moving average of $231.19.

Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 49.3% on a year-over-year basis. On average, equities research analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Roth Capital raised 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. Needham & Company LLC cut their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.67.

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Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the transaction, the chief executive officer owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 312,751 shares of company stock valued at $101,273,682. Corporate insiders own 28.30% of the company’s stock.

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.

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