Vicor Corporation $VICR Shares Sold by GatePass Capital LLC

GatePass Capital LLC cut its stake in shares of Vicor Corporation (NASDAQ:VICR) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the electronics maker’s stock after selling 10,000 shares during the period. GatePass Capital LLC’s holdings in Vicor were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VICR. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Colrain Capital LLC boosted its position in shares of Vicor by 14.5% during the second quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock worth $10,442,000 after buying an additional 29,200 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Vicor by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 134,170 shares of the electronics maker’s stock valued at $6,086,000 after buying an additional 4,064 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in shares of Vicor by 5.9% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 101,096 shares of the electronics maker’s stock valued at $4,586,000 after buying an additional 5,590 shares during the period. Finally, Manatuck Hill Partners LLC lifted its stake in Vicor by 13.5% during the 2nd quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the electronics maker’s stock worth $4,536,000 after acquiring an additional 11,900 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO James F. Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief financial officer owned 875 shares in the company, valued at $96,250. The trade was a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, the chief executive officer owned 9,708,163 shares in the company, valued at $1,110,225,520.68. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 279,345 shares of company stock valued at $27,343,654 in the last ninety days. Insiders own 31.30% of the company’s stock.

Vicor Stock Up 3.0%

Shares of Vicor stock opened at $149.88 on Friday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $154.90. The company has a market capitalization of $6.69 billion, a P/E ratio of 81.90 and a beta of 1.90. The company has a 50 day moving average of $105.89 and a 200 day moving average of $73.02.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Roth Capital initiated coverage on shares of Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Vicor has a consensus rating of “Moderate Buy” and an average target price of $98.33.

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.