Vicor Corporation $VICR Shares Sold by Twin Tree Management LP

Twin Tree Management LP decreased its position in shares of Vicor Corporation (NASDAQ:VICR) by 80.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,388 shares of the electronics maker’s stock after selling 5,746 shares during the quarter. Twin Tree Management LP’s holdings in Vicor were worth $527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICR. Carolina Wealth Advisors LLC lifted its holdings in shares of Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 61 shares during the last quarter. Elevation Wealth Partners LLC purchased a new position in Vicor during the 2nd quarter worth approximately $76,000. Federated Hermes Inc. purchased a new position in Vicor during the 4th quarter worth approximately $27,000. Blue Trust Inc. grew its stake in Vicor by 1,814.3% during the 1st 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 last quarter. Finally, ROSS JOHNSON & Associates LLC increased its position in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

NASDAQ VICR opened at $200.54 on Monday. The firm has a market cap of $9.25 billion, a P/E ratio of 64.28 and a beta of 2.37. Vicor Corporation has a 52-week low of $46.96 and a 52-week high of $382.65. The business’s 50-day moving average price is $260.09 and its 200 day moving average price is $233.79.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the business earned $0.91 EPS. The firm’s revenue was up 49.3% compared to the same quarter last year. As a group, analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current year.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research reports. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Craig Hallum raised their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC cut their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Roth Capital increased their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have assigned 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.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the transaction, the chief executive officer owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 313,659 shares of company stock valued at $101,500,682 over the last quarter. 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.