Vicor Corporation $VICR Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Vicor Corporation (NASDAQ:VICR) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,332 shares of the electronics maker’s stock after selling 600 shares during the quarter. Swiss National Bank owned 0.10% of Vicor worth $2,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in shares of Vicor in the first quarter worth $26,000. Manchester Capital Management LLC increased its stake in shares of Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 265 shares during the period. KBC Group NV acquired a new stake in shares of Vicor in the first quarter worth $57,000. CWM LLC increased its stake in shares of Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock worth $150,000 after acquiring an additional 802 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Vicor in the fourth quarter worth $232,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

VICR stock opened at $50.95 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of 34.90 and a beta of 1.73. The firm’s fifty day moving average is $46.50 and its 200 day moving average is $47.82. Vicor Corporation has a one year low of $34.27 and a one year high of $65.70.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vicor has a consensus rating of “Buy” and a consensus target price of $43.00.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 5,813 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the transaction, the director directly owned 1,217 shares of the company’s stock, valued at $76,671. This trade represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.30% of the stock is currently owned by insiders.

About Vicor

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.