Corient Private Wealth LP Acquires Shares of 3,796 Vicor Corporation $VICR

Corient Private Wealth LP bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,796 shares of the electronics maker’s stock, valued at approximately $1,442,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new position in Vicor in the fourth quarter valued at about $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter worth approximately $32,000. Allworth Financial LP increased its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vicor in the 4th quarter valued at approximately $36,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Trading Down 1.6%

Shares of NASDAQ VICR opened at $178.76 on Friday. Vicor Corporation has a twelve month low of $47.56 and a twelve month high of $382.65. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 57.30 and a beta of 2.35. The business has a 50 day simple moving average of $234.31 and a 200-day simple moving average of $235.71.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data 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. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 3.28 earnings per share for the current year.

Insider Buying and Selling at Vicor

In other news, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $341,184. The trade was a 61.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the sale, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 238,266 shares of company stock worth $76,514,148 over the last 90 days. Insiders own 28.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VICR. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital raised their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC decreased their price objective 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. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Company 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.