Truist Financial Corp Sells 1,521 Shares of Vicor Corporation $VICR

Truist Financial Corp cut its holdings in Vicor Corporation (NASDAQ:VICR) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,700 shares of the electronics maker’s stock after selling 1,521 shares during the quarter. Truist Financial Corp’s holdings in Vicor were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in Vicor by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 13,745 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 977 shares during the period. Chapin Davis Inc. raised its holdings in Vicor by 23.0% in the second quarter. Chapin Davis Inc. now owns 44,900 shares of the electronics maker’s stock worth $2,037,000 after purchasing an additional 8,400 shares during the period. Cullen Investment Group LTD. acquired a new stake in Vicor in the second quarter worth $202,000. Voya Investment Management LLC raised its holdings in Vicor by 22.5% in the first quarter. Voya Investment Management LLC now owns 14,655 shares of the electronics maker’s stock worth $686,000 after purchasing an additional 2,695 shares during the period. Finally, Strs Ohio acquired a new stake in Vicor in the first quarter worth $56,000. 47.45% of the stock is owned by institutional investors.

Vicor Stock Up 5.5%

Shares of NASDAQ:VICR opened at $60.47 on Friday. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $65.70. The company’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $47.13. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 41.42 and a beta of 1.73.

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

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 5,813 shares of Vicor stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the sale, the director directly owned 1,217 shares in the company, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.