Ieq Capital LLC Makes New Investment in Vicor Corporation $VICR

Ieq Capital LLC bought a new position in Vicor Corporation (NASDAQ:VICR – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 9,446 shares of the electronics maker’s stock, valued at approximately $3,587,000.

A number of other institutional investors have also recently made changes to their positions in VICR. Andar Capital Management HK Ltd bought a new stake in shares of Vicor during the second quarter valued at approximately $101,100,000. Vanguard Group Inc. lifted its position in Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares in the last quarter. BlackRock Inc. purchased a new stake in Vicor during the 2nd quarter valued at $934,612,000. The Manufacturers Life Insurance Company boosted its stake in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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Vicor Price Performance

NASDAQ VICR opened at $189.99 on Tuesday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 60.89 and a beta of 2.37. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65. The business’s fifty day moving average price is $257.44 and its 200-day moving average price is $233.95.

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

Wall Street Analyst Weigh In

VICR has been the subject of several recent analyst reports. Craig Hallum boosted their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Roth Capital lifted their price objective on Vicor from $285.00 to $375.00 and gave the stock 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 research report on Thursday, July 2nd. Needham & Company LLC lowered their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $381.67.

Check Out Our Latest Research Report on VICR

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $304.87, for a total transaction of $6,097,400.00. Following the completion of the sale, the chief executive officer directly owned 8,608,090 shares in the company, valued at $2,624,348,398.30. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 306,088 shares of company stock valued at $99,007,022 over the last 90 days. Company insiders own 28.30% of the company’s stock.

Vicor 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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