Janus Henderson Group PLC Has $4.89 Million Stock Position in Vicor Corporation $VICR

Janus Henderson Group PLC lowered its stake in shares of Vicor Corporation (NASDAQ:VICR) by 66.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,404 shares of the electronics maker’s stock after selling 59,658 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Vicor worth $4,894,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VICR. The Manufacturers Life Insurance Company raised its holdings in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares in the last quarter. Millennium Management LLC increased its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of 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. Institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

Shares of Vicor stock opened at $218.72 on Friday. The firm has a 50 day simple moving average of $277.90 and a 200 day simple moving average of $229.02. Vicor Corporation has a fifty-two week low of $45.41 and a fifty-two week high of $382.65. The firm has a market cap of $9.97 billion, a P/E ratio of 70.10 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. On average, sell-side analysts expect that Vicor Corporation will post 3.12 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Patrizio Vinciarelli sold 700 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the sale, the chief executive officer directly owned 8,347,390 shares of the company’s stock, valued at $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Philip D. Davies sold 3,072 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $211.69, for a total transaction of $650,311.68. Following the completion of the transaction, the vice president owned 1,920 shares in the company, valued at $406,444.80. This represents a 61.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 345,347 shares of company stock valued at $111,184,564. 28.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Craig Hallum upped their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. 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 report on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Needham & Company LLC lowered their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.