Geode Capital Management LLC Cuts Stock Holdings in Vicor Corporation $VICR

Geode Capital Management LLC reduced its stake in Vicor Corporation (NASDAQ:VICR) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 570,078 shares of the electronics maker’s stock after selling 736 shares during the period. Geode Capital Management LLC owned approximately 1.26% of Vicor worth $25,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Manchester Capital Management LLC grew its position in shares of 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 purchasing an additional 265 shares in the last quarter. Blair William & Co. IL boosted its stake 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 buying an additional 550 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Vicor by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after buying an additional 761 shares in the last quarter. Herald Investment Management Ltd increased its stake in Vicor by 15.0% in the 1st quarter. Herald Investment Management Ltd now owns 230,000 shares of the electronics maker’s stock worth $10,750,000 after acquiring an additional 30,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock worth $207,994,000 after acquiring an additional 598,896 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Down 0.2%

Shares of VICR opened at $89.34 on Friday. The business has a fifty day moving average of $73.29 and a 200 day moving average of $55.99. The company has a market cap of $3.99 billion, a PE ratio of 48.82 and a beta of 1.81. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $101.00.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $87.69, for a total transaction of $175,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sean Crilly sold 12,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $89.61, for a total value of $1,075,320.00. Following the transaction, the vice president owned 15,532 shares of the company’s stock, valued at approximately $1,391,822.52. The trade was a 43.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 142,810 shares of company stock valued at $12,764,878 over the last quarter. Corporate insiders own 31.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VICR shares. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.