Nissay Asset Management Corp Japan Raises Stock Position in Vicor Corporation $VICR

Nissay Asset Management Corp Japan boosted its stake in Vicor Corporation (NASDAQ:VICR) by 49.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,237 shares of the electronics maker’s stock after purchasing an additional 4,704 shares during the period. Nissay Asset Management Corp Japan’s holdings in Vicor were worth $5,407,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Andar Capital Management HK Ltd purchased a new position in shares of Vicor in the 2nd quarter worth $101,100,000. Vanguard Group Inc. grew its holdings in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after acquiring an additional 60,963 shares during the period. BlackRock Inc. purchased a new stake in Vicor during the second quarter valued at $934,612,000. The Manufacturers Life Insurance Company increased its position in Vicor by 39.6% during 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 acquiring an additional 171,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Vicor Stock Performance

NASDAQ:VICR opened at $187.75 on Monday. The stock has a 50-day simple moving average of $246.94 and a two-hundred day simple moving average of $235.11. The firm has a market capitalization of $8.66 billion, a PE ratio of 60.18 and a beta of 2.37. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 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 the consensus estimate of $138.37 million. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Activity

In other Vicor news, Director Andrew D’amico sold 331 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $319.53, for a total value of $105,764.43. Following the completion of the transaction, the director directly owned 200 shares in the company, valued at $63,906. This represents a 62.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 700 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the transaction, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 277,693 shares of company stock valued at $89,452,976. 28.30% of the stock is owned by insiders.

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.