Dynamic Technology Lab Private Ltd Invests $352,000 in Vicor Corporation $VICR

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,080 shares of the electronics maker’s stock, valued at approximately $352,000.

A number of other large investors have also bought and sold shares of the business. Royal Bank of Canada lifted its stake in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after buying an additional 563 shares during the period. Millennium Management LLC increased its position in shares of Vicor by 4,634.5% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after acquiring an additional 3,184 shares during the period. 47.45% of the stock is owned by institutional investors.

Vicor Stock Up 1.7%

NASDAQ VICR opened at $178.83 on Thursday. The firm’s 50 day moving average is $161.48 and its 200-day moving average is $105.59. The company has a market capitalization of $7.98 billion, a PE ratio of 68.52 and a beta of 1.84. Vicor Corporation has a 12-month low of $38.92 and a 12-month 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 the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.23 earnings per share.

Analyst Ratings Changes

VICR has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.33.

Insider Activity

In other news, VP Philip D. Davies sold 5,419 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $189.67, for a total transaction of $1,027,821.73. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $364,166.40. This represents a 73.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sean Crilly sold 1,640 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $180.32, for a total value of $295,724.80. Following the completion of the transaction, the vice president owned 9,729 shares of the company’s stock, valued at $1,754,333.28. The trade was a 14.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 311,024 shares of company stock worth $48,590,713. 31.30% of the stock is currently owned by company 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.