The Manufacturers Life Insurance Company Raises Position in Vicor Corporation $VICR

The Manufacturers Life Insurance Company grew its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,364 shares of the electronics maker’s stock after acquiring an additional 171,175 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vicor were worth $97,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in Vicor during the fourth quarter valued at $27,000. Blue Trust Inc. raised its stake in shares of Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its position in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of Vicor during the 4th quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. increased its holdings in Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 197 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICR has been the topic of several analyst reports. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Craig Hallum lifted their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC dropped their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Trading Down 6.9%

NASDAQ:VICR opened at $192.12 on Wednesday. The stock has a 50-day moving average price of $290.19 and a 200 day moving average price of $225.66. The stock has a market capitalization of $8.76 billion, a P/E ratio of 61.58 and a beta of 2.33. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65.

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

Insider Activity at Vicor

In other news, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the sale, the vice president 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at $2,524,250,736. This trade represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 367,606 shares of company stock valued at $117,177,948. Corporate insiders own 28.30% of the company’s stock.

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.