Los Angeles Capital Management LLC Acquires Shares of 11,318 Vicor Corporation $VICR

Los Angeles Capital Management LLC acquired a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 11,318 shares of the electronics maker’s stock, valued at approximately $1,240,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vicor by 4.6% during the third 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 holdings in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. Finally, Colrain Capital LLC lifted its stake in shares of Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after buying an additional 23,940 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VICR shares. Roth Mkm reissued a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC lifted their price target on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $228.33.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at $1,718,620,338.90. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 542,619 shares of company stock worth $122,250,026. 31.30% of the stock is owned by company insiders.

Vicor Price Performance

NASDAQ VICR opened at $275.51 on Thursday. The company has a fifty day moving average price of $253.29 and a 200-day moving average price of $182.13. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 92.14 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89.

Vicor (NASDAQ:VICR) last released its quarterly earnings results 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the firm earned $0.06 earnings per share. The firm’s revenue was up 20.2% on a year-over-year basis. On average, research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.

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.