Vicor Corporation $VICR Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 19.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,998 shares of the electronics maker’s stock after purchasing an additional 5,540 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Vicor worth $1,542,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Vicor in the first quarter valued at $56,000. Cullen Investment Group LTD. acquired a new stake in Vicor during the second quarter valued at $202,000. Blair William & Co. IL grew 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 buying an additional 550 shares in the last quarter. Creative Planning bought a new stake in Vicor in the second quarter worth approximately $235,000. Finally, Virtu Financial LLC bought a new stake in Vicor in the first quarter worth $247,000. 47.45% of the stock is currently owned by institutional investors.

Vicor Price Performance

Shares of VICR stock opened at $94.54 on Friday. The stock’s fifty day simple moving average is $76.38 and its 200 day simple moving average is $57.33. Vicor Corporation has a one year low of $38.92 and a one year high of $101.00. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 51.66 and a beta of 1.94.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Vicor news, CAO Quentin A. Fendelet sold 16,561 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $88.31, for a total transaction of $1,462,501.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew D’amico sold 14,677 shares of Vicor stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $82.53, for a total transaction of $1,211,292.81. The SEC filing for this sale provides additional information. Insiders sold a total of 142,810 shares of company stock worth $12,764,878 over the last ninety days. Corporate insiders own 31.30% of the company’s stock.

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.