Vicor Corporation $VICR Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,534,534 shares of the electronics maker’s stock after buying an additional 60,963 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Vicor worth $277,785,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Vicor in the fourth quarter valued at $36,000. First PREMIER Bank purchased a new stake in shares of Vicor in the fourth quarter valued at $55,000. PNC Financial Services Group Inc. lifted its position in shares of Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Vicor in the first quarter valued at $56,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor 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 transaction, the chief executive officer owned 9,608,163 shares in the company, valued at $1,936,429,171.02. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 716,070 shares of company stock worth $135,619,356 over the last quarter. Company insiders own 31.30% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the topic of several recent research reports. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Needham & Company LLC boosted their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Roth Mkm reissued a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor has an average rating of “Buy” and an average target price of $198.33.

Vicor Price Performance

NASDAQ:VICR opened at $256.47 on Friday. The firm has a 50 day simple moving average of $199.16 and a 200-day simple moving average of $147.20. The firm has a market cap of $11.64 billion, a PE ratio of 85.78 and a beta of 2.33. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $293.95.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, sell-side analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

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.