Rice Hall James & Associates LLC bought a new position in shares of Vicor Corporation (NASDAQ:VICR – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 21,893 shares of the electronics maker’s stock, valued at approximately $8,315,000.
A number of other large investors have also made changes to their positions in VICR. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $27,000. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter worth approximately $32,000. Allworth Financial LP boosted its stake 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 buying an additional 288 shares during the last quarter. NBC Securities Inc. acquired a new position in Vicor during the fourth quarter worth $36,000. Finally, SBI Securities Co. Ltd. grew its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Vicor
In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,628,090 shares in the company, valued at approximately $2,411,551,155. This represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 312,751 shares of company stock valued at $101,273,682. Corporate insiders own 28.30% of the company’s stock.
Vicor Stock Performance
Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, equities research analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Roth Capital upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. 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 research report on Tuesday, July 21st. Finally, Craig Hallum lifted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $381.67.
Get Our Latest Analysis on Vicor
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.
Further Reading
- Five stocks we like better than Vicor
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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:VICR – Free Report).
Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.
