Vanguard Group Inc. Lowers Stake in Vicor Corporation $VICR

Vanguard Group Inc. lessened its position in shares of Vicor Corporation (NASDAQ:VICR) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,497,849 shares of the electronics maker’s stock after selling 31,599 shares during the period. Vanguard Group Inc. owned approximately 5.53% of Vicor worth $116,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in Vicor by 76.8% during the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 265 shares during the period. Optimum Investment Advisors purchased a new stake in Vicor during the first quarter valued at about $26,000. Blair William & Co. IL grew its position in Vicor by 12.6% during the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock valued at $230,000 after acquiring an additional 550 shares during the period. Ashford Capital Management Inc. grew its position in Vicor by 2.5% during the fourth quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker’s stock valued at $1,167,000 after acquiring an additional 600 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vicor by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker’s stock valued at $627,000 after acquiring an additional 654 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

VICR has been the subject of a number of research reports. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research report on Sunday, August 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.00.

Insider Buying and Selling

In related news, Director Andrew D’amico sold 5,813 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares of the company’s stock, valued at approximately $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 31.30% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ VICR opened at $46.71 on Friday. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 31.99 and a beta of 1.73. Vicor Corporation has a 1-year low of $34.27 and a 1-year high of $65.70. The business has a 50-day moving average of $46.36 and a 200-day moving average of $47.83.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.73. The firm had revenue of $141.05 million during the quarter, compared to the consensus estimate of $96.43 million. Vicor had a return on equity of 11.32% and a net margin of 15.44%.Vicor’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.