Man Group plc lessened its position in Vicor Corporation (NASDAQ:VICR – Free Report) by 54.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,220 shares of the electronics maker’s stock after selling 19,636 shares during the period. Man Group plc’s holdings in Vicor were worth $6,160,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. GoalVest Advisory LLC boosted its position in shares of Vicor by 23.5% during the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 61 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after buying an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after buying an additional 68 shares during the period. ProShare Advisors LLC lifted its holdings in Vicor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 74 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Vicor by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after acquiring an additional 90 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have issued reports on VICR shares. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital lifted their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC lowered their target price on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $381.67.
Insider Activity at Vicor
In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the completion of the transaction, the chief executive officer owned 8,628,090 shares in the company, valued at $2,411,551,155. This trade represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 285,765 shares of company stock worth $92,050,357. Corporate insiders own 28.30% of the company’s stock.
Vicor Stock Down 7.8%
Shares of VICR stock opened at $187.75 on Friday. The company’s fifty day simple moving average is $246.94 and its 200-day simple moving average is $234.58. The firm has a market cap of $8.66 billion, a PE ratio of 60.18 and a beta of 2.37. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65.
Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.
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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