Jackson Creek Investment Advisors LLC Takes $509,000 Position in Vicor Corporation $VICR

Jackson Creek Investment Advisors LLC purchased a new stake in Vicor Corporation (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,645 shares of the electronics maker’s stock, valued at approximately $509,000.

Several other large investors have also modified their holdings of VICR. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vicor in the 3rd quarter worth approximately $352,000. Summit Global Investments acquired a new position in shares of Vicor in the 3rd quarter worth approximately $1,050,000. Colrain Capital LLC lifted its holdings in shares of Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Vicor by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after acquiring an additional 10,532 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Vicor by 36.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after acquiring an additional 7,985 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Up 3.9%

Shares of VICR opened at $345.84 on Thursday. Vicor Corporation has a fifty-two week low of $41.74 and a fifty-two week high of $361.89. The firm’s 50 day moving average price is $226.39 and its 200 day moving average price is $166.66. The company has a market cap of $15.76 billion, a P/E ratio of 115.67 and a beta of 2.33.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. Research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

Insider Activity

In related news, VP Robert Gendron sold 4,571 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $330.00, for a total transaction of $1,508,430.00. Following the sale, the vice president directly owned 577 shares of the company’s stock, valued at $190,410. This represents a 88.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kemble D. Morrison sold 2,313 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $301.59, for a total transaction of $697,577.67. Following the sale, the vice president directly owned 372 shares in the company, valued at approximately $112,191.48. The trade was a 86.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 719,386 shares of company stock worth $140,905,205 over the last 90 days. Company insiders own 31.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC upped their price objective on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor currently has an average rating of “Buy” and a consensus target price of $228.33.

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.