Bruce & Co. Inc. Boosts Holdings in Vicor Corporation $VICR

Bruce & Co. Inc. raised its position in shares of Vicor Corporation (NASDAQ:VICR) by 28.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,000 shares of the electronics maker’s stock after acquiring an additional 20,000 shares during the period. Vicor makes up about 1.3% of Bruce & Co. Inc.’s investment portfolio, making the stock its 20th largest position. Bruce & Co. Inc. owned 0.20% of Vicor worth $4,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VICR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Vicor by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock worth $269,000 after purchasing an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vicor by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after buying an additional 761 shares during the period. Royal Bank of Canada boosted its position in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after buying an additional 857 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Vicor by 7.7% during the second quarter. State of Alaska Department of Revenue now owns 13,745 shares of the electronics maker’s stock valued at $623,000 after buying an additional 977 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VICR. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Vicor Stock Down 3.1%

VICR opened at $97.80 on Friday. The stock’s fifty day moving average is $82.39 and its two-hundred day moving average is $59.71. The company has a market capitalization of $4.37 billion, a P/E ratio of 53.44 and a beta of 1.94. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $102.19.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS.

Insider Buying and Selling at Vicor

In related news, VP Claudio Tuozzolo sold 14,637 shares of Vicor stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $91.86, for a total transaction of $1,344,554.82. Following the transaction, the vice president directly owned 33,622 shares of the company’s stock, valued at $3,088,516.92. This trade represents a 30.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Philip D. Davies sold 15,763 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $92.07, for a total value of $1,451,299.41. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 168,947 shares of company stock worth $15,402,880. 31.30% of the stock is currently owned by company insiders.

Vicor Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.