Beaumont Financial Advisors LLC Makes New Investment in Vicor Corporation $VICR

Beaumont Financial Advisors LLC purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,787 shares of the electronics maker’s stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VICR. Dimensional Fund Advisors LP grew its stake in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares during the last quarter. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Colrain Capital LLC boosted its holdings in Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor during the third quarter worth about $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

Vicor stock opened at $155.64 on Friday. The business’s 50-day simple moving average is $170.83 and its two-hundred day simple moving average is $119.27. The company has a market cap of $7.06 billion, a PE ratio of 59.63 and a beta of 1.97. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on VICR. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reissued a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $118.33.

Insider Buying and Selling

In other news, Director Estia J. Eichten sold 38,587 shares of the stock in a transaction on Thursday, March 12th. The shares were 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 $32,112,310.26. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the transaction, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 531,742 shares of company stock valued at $96,387,469 over the last three months. 31.30% of the stock is currently owned by insiders.

About Vicor

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.