Northern Trust Corp Has $11.42 Million Stake in Vicor Corporation $VICR

Northern Trust Corp reduced its holdings in Vicor Corporation (NASDAQ:VICR) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 244,163 shares of the electronics maker’s stock after selling 5,554 shares during the quarter. Northern Trust Corp owned 0.54% of Vicor worth $11,422,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Optimum Investment Advisors bought a new position in shares of Vicor during the first quarter worth about $26,000. Manchester Capital Management LLC lifted its holdings in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. KBC Group NV acquired a new position in Vicor in the 1st quarter valued at $57,000. CWM LLC increased its stake in shares of Vicor by 33.3% in the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock valued at $150,000 after purchasing an additional 802 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Vicor by 12.6% in the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock valued at $230,000 after purchasing an additional 550 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Andrew D’amico sold 5,813 shares of Vicor stock in a transaction on 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 sale, the director owned 1,217 shares of the company’s stock, valued at $76,671. The trade was a 82.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 31.30% of the stock is currently owned by company insiders.

Vicor Stock Performance

Shares of VICR stock opened at $51.90 on Friday. Vicor Corporation has a fifty-two week low of $34.27 and a fifty-two week high of $65.70. The business’s 50 day moving average price is $47.58 and its 200-day moving average price is $47.91. The firm has a market cap of $2.33 billion, a P/E ratio of 35.55 and a beta of 1.76.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.73. The firm had revenue of $141.05 million for 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%.The business’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 earned $0.10 EPS.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday, July 23rd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Vicor presently has an average rating of “Buy” and a consensus price target of $43.00.

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.