Vestor Capital LLC Takes $7.11 Million Position in Vicor Corporation $VICR

Vestor Capital LLC purchased a new stake in Vicor Corporation (NASDAQ:VICR) during the 1st quarter, Holdings Channel reports. The fund purchased 44,163 shares of the electronics maker’s stock, valued at approximately $7,110,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICR. Vanguard Group Inc. raised its position in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Dimensional Fund Advisors LP lifted its position in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after purchasing an additional 162,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Vicor by 1,542.2% during 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. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 13.1%

VICR opened at $206.67 on Friday. The business’s 50 day moving average is $287.33 and its 200-day moving average is $226.44. The stock has a market cap of $9.42 billion, a PE ratio of 66.24 and a beta of 2.33. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million for 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 company’s revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, analysts forecast that Vicor Corporation will post 3.12 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00. Following the transaction, the chief executive officer owned 8,828,090 shares of the company’s stock, valued at $3,020,089,589. The trade was a 0.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 364,533 shares of company stock worth $116,351,096 over the last ninety days. Company insiders own 28.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VICR shares. Roth Capital raised their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Craig Hallum upped 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and an average target price of $381.67.

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.