Rice Hall James & Associates LLC Sells 9,954 Shares of Vicor Corporation $VICR

Rice Hall James & Associates LLC cut its stake in Vicor Corporation (NASDAQ:VICR) by 25.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,807 shares of the electronics maker’s stock after selling 9,954 shares during the period. Rice Hall James & Associates LLC’s holdings in Vicor were worth $4,638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VICR. The Manufacturers Life Insurance Company grew its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, Arosa Capital Management LP bought a new stake in shares of Vicor during the fourth quarter valued at approximately $14,796,000. 47.45% of the stock is owned by institutional investors.

Vicor Stock Performance

NASDAQ:VICR opened at $211.01 on Friday. The firm has a market cap of $9.62 billion, a P/E ratio of 67.63 and a beta of 2.33. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $382.65. The firm has a 50-day simple moving average of $292.07 and a two-hundred day simple moving average of $224.17.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. On average, equities research analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Insider Activity

In related news, CFO James F. Schmidt sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total value of $331,680.00. Following the completion of the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at $331,680. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total value of $1,096,968.81. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $685,382.40. This trade represents a 61.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 369,647 shares of company stock worth $117,743,305 over the last three months. 28.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VICR has been the topic of several recent research reports. Roth Capital upped their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lowered their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.67.

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.