Leelyn Smith LLC Acquires Shares of 5,000 Vicor Corporation $VICR

Leelyn Smith LLC bought a new position in Vicor Corporation (NASDAQ:VICR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the electronics maker’s stock, valued at approximately $805,000.

A number of other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vicor in the third quarter worth $352,000. Intech Investment Management LLC boosted its position in Vicor by 36.6% during the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after purchasing an additional 7,985 shares during the last quarter. Range Financial Group LLC acquired a new stake in Vicor during the fourth quarter valued at $1,537,000. Convergence Investment Partners LLC purchased a new position in Vicor in the fourth quarter valued at about $1,631,000. Finally, Chicago Capital LLC purchased a new position in Vicor in the fourth quarter valued at about $771,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the sale, the chief executive officer directly owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 503,630 shares of company stock valued at $142,197,891. 28.30% of the stock is currently owned by company insiders.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $282.95 on Friday. The stock has a market capitalization of $12.90 billion, a PE ratio of 94.63 and a beta of 2.33. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $382.65. The firm has a fifty day moving average price of $300.36 and a 200 day moving average price of $209.43.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. On average, sell-side analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC upped their target price on Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Mkm increased 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. Finally, Craig Hallum raised their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $408.33.

About Vicor

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.