4,309 Shares in Vicor Corporation $VICR Purchased by Twin Tree Management LP

Twin Tree Management LP purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,309 shares of the electronics maker’s stock, valued at approximately $472,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new position in Vicor during the 4th quarter worth about $1,240,000. Cibc World Market Inc. acquired a new position in Vicor during the 4th quarter worth about $383,000. CIBC Asset Management Inc acquired a new position in Vicor during the 4th quarter worth about $207,000. Andar Capital Management HK Ltd acquired a new position in Vicor during the 4th quarter worth about $3,507,000. Finally, Intech Investment Management LLC lifted its position in Vicor by 31.2% during the 4th quarter. Intech Investment Management LLC now owns 39,091 shares of the electronics maker’s stock worth $4,284,000 after buying an additional 9,305 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Up 3.1%

Shares of NASDAQ:VICR opened at $283.48 on Wednesday. The stock has a market capitalization of $12.92 billion, a P/E ratio of 94.81 and a beta of 2.36. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The business has a 50-day moving average price of $250.62 and a two-hundred day moving average price of $180.77.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. As a group, equities analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VICR. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC boosted their price objective on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $228.33.

Insider Buying and Selling

In other news, VP Sean Crilly sold 2,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $282.52, for a total value of $706,300.00. Following the completion of the sale, the vice president directly owned 7,229 shares of the company’s stock, valued at $2,042,337.08. This represents a 25.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Nancy L. Grava sold 323 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $355.00, for a total value of $114,665.00. Following the completion of the sale, the vice president directly owned 323 shares of the company’s stock, valued at approximately $114,665. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 631,206 shares of company stock worth $137,116,061 over the last quarter. Insiders own 31.30% of the company’s stock.

Vicor 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.