Two Sigma Securities LLC Sells 3,321 Shares of Vicor Corporation $VICR

Two Sigma Securities LLC lessened its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 83.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 636 shares of the electronics maker’s stock after selling 3,321 shares during the quarter. Two Sigma Securities LLC’s holdings in Vicor were worth $242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICR. GoalVest Advisory LLC grew its holdings in Vicor by 23.5% during the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after buying an additional 61 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after acquiring an additional 68 shares during the last quarter. ProShare Advisors LLC lifted its stake in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after purchasing an additional 74 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after purchasing an additional 90 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $360.94, for a total value of $7,218,800.00. Following the sale, the chief executive officer owned 8,488,090 shares of the company’s stock, valued at approximately $3,063,691,204.60. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 238,266 shares of company stock worth $76,514,148 over the last ninety days. 28.30% of the stock is owned by insiders.

Analyst Ratings Changes

VICR has been the topic of several research reports. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC cut their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Trading Up 5.5%

VICR opened at $188.55 on Friday. The stock has a 50-day moving average of $231.54 and a 200 day moving average of $235.38. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65. The firm has a market cap of $8.69 billion, a P/E ratio of 60.43 and a beta of 2.35.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) 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 the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. On average, research analysts forecast that Vicor Corporation will post 3.28 earnings per share for the current fiscal year.

Vicor 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.