Vicor Corporation $VICR Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,014 shares of the electronics maker’s stock after selling 5,516 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of Vicor worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Vicor by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock valued at $269,000 after buying an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 761 shares during the period. Royal Bank of Canada lifted its holdings in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after buying an additional 857 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Vicor by 7.7% during the second quarter. State of Alaska Department of Revenue now owns 13,745 shares of the electronics maker’s stock valued at $623,000 after buying an additional 977 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $104.40 on Friday. The firm has a 50 day simple moving average of $87.14 and a 200 day simple moving average of $61.74. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $104.61. The company has a market cap of $4.66 billion, a PE ratio of 57.05 and a beta of 1.94.

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

Analyst Ratings Changes

Several research firms have recently weighed in on VICR. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, October 22nd. Zacks Research raised Vicor to a “hold” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.33.

Insider Buying and Selling at Vicor

In other news, VP Sean Crilly sold 12,000 shares of the company’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 directly owned 15,532 shares of the company’s stock, valued at approximately $1,391,822.52. This represents a 43.59% decrease in their ownership of the stock. The transaction 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 on Wednesday, October 22nd. The shares were sold at an average price of $82.53, for a total value of $1,211,292.81. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 172,791 shares of company stock worth $15,776,939 over the last 90 days. 31.30% of the stock is currently owned by insiders.

Vicor Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.