Mirae Asset Global Investments Co. Ltd. Makes New Investment in Vicor Corporation $VICR

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,343 shares of the electronics maker’s stock, valued at approximately $2,700,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Andar Capital Management HK Ltd purchased a new position in shares of Vicor in the 2nd quarter valued at about $101,100,000. BlackRock Inc. purchased a new stake in Vicor during the second quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 43.4% in the first 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 during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Vicor by 1,161,438.5% in the third quarter. International Assets Investment Management LLC now owns 151,000 shares of the electronics maker’s stock valued at $43,630,000 after purchasing an additional 150,987 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICR has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $350.00 price objective on shares of Vicor in a research note on Tuesday, October 20th. Roth Capital set a $360.00 price target on Vicor in a research report on Wednesday, October 21st. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vicor presently has an average rating of “Buy” and a consensus price target of $386.67.

Insider Buying and Selling at Vicor

In other Vicor news, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total transaction of $563,157.98. Following the transaction, the vice president owned 1,920 shares in the company, valued at approximately $351,859.20. The trade was a 61.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 27,054 shares of company stock valued at $7,658,830. 28.30% of the stock is owned by corporate insiders.

Vicor Price Performance

Vicor stock opened at $146.88 on Friday. Vicor Corporation has a 12 month low of $80.29 and a 12 month high of $382.65. The business has a 50 day simple moving average of $220.81 and a 200-day simple moving average of $226.48. The stock has a market capitalization of $6.78 billion, a PE ratio of 38.45 and a beta of 2.45.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The company had revenue of $197.11 million for the quarter, compared to analysts’ expectations of $187.03 million. During the same period in the previous year, the company posted $0.63 EPS. Vicor’s revenue was up 78.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Vicor Corporation will post 3.94 EPS for the current year.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.