Curbstone Financial Management Corp Makes New Investment in Vicor Corporation $VICR

Curbstone Financial Management Corp acquired a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,200 shares of the electronics maker’s stock, valued at approximately $460,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bouvel Investment Partners LLC boosted its stake in Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after buying an additional 85 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. Amalgamated Bank boosted its stake in shares of Vicor by 3.4% during the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after purchasing an additional 224 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Vicor by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 1,565 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 259 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vicor

In other Vicor news, Director Estia J. Eichten sold 38,587 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 190,838 shares in the company, valued at approximately $32,112,310.26. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 556,285 shares of company stock valued at $101,000,547 over the last quarter. 31.30% of the stock is currently owned by corporate insiders.

Vicor Stock Performance

Shares of Vicor stock opened at $185.61 on Monday. The company has a market capitalization of $8.42 billion, a PE ratio of 71.12 and a beta of 1.97. The company has a 50-day simple moving average of $171.78 and a two-hundred day simple moving average of $124.43. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53.

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

Analysts Set New Price Targets

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

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.