CIBC Bancorp USA Inc. Buys Shares of 253,919 Vicor Corporation $VICR

CIBC Bancorp USA Inc. purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 253,919 shares of the electronics maker’s stock, valued at approximately $12,625,000. CIBC Bancorp USA Inc. owned approximately 0.57% of Vicor as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares in the last quarter. Strs Ohio acquired a new position in Vicor in the first quarter valued at about $56,000. iSAM Funds UK Ltd acquired a new position in Vicor in the third quarter valued at about $79,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Vicor by 993.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 3,436 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Roth Mkm restated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $118.33.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $190.13 on Friday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53. The company has a market capitalization of $8.49 billion, a P/E ratio of 72.85 and a beta of 1.84. The company has a 50-day simple moving average of $168.07 and a 200 day simple moving average of $110.74.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Estia J. Eichten sold 38,587 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $168.27, for a total value of $6,493,034.49. Following the sale, the director owned 190,838 shares in the company, valued at approximately $32,112,310.26. This represents a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the sale, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at $1,936,429,171.02. This represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 499,687 shares of company stock worth $84,444,379 over the last three months. 31.30% of the stock is owned by insiders.

Vicor Company 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.