Mitsubishi UFJ Trust & Banking Corp Makes New Investment in Vicor Corporation $VICR

Mitsubishi UFJ Trust & Banking Corp purchased a new position in Vicor Corporation (NASDAQ:VICR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,984 shares of the electronics maker’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICR. Nisa Investment Advisors LLC raised its holdings in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Vicor in the fourth quarter worth $36,000. First PREMIER Bank purchased a new position in shares of Vicor during the fourth quarter worth $55,000. PNC Financial Services Group Inc. raised its holdings 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 worth $56,000 after purchasing an additional 136 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Vicor during the first quarter worth $56,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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 completion of the transaction, the chief executive officer owned 9,608,163 shares of the company’s stock, valued at approximately $1,936,429,171.02. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 705,598 shares of company stock valued at $132,783,202 over the last three months. 31.30% of the stock is currently owned by insiders.

Vicor Trading Up 5.4%

Shares of NASDAQ:VICR opened at $280.34 on Thursday. Vicor Corporation has a 12-month low of $40.27 and a 12-month high of $293.95. The company has a market capitalization of $12.72 billion, a PE ratio of 93.76 and a beta of 2.33. The business has a 50 day moving average of $197.74 and a two-hundred day moving average of $145.77.

Vicor (NASDAQ:VICR) last released 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. Equities research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VICR has been the subject of several recent research reports. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC raised their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One equities 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. According to data from MarketBeat.com, Vicor presently has an average rating of “Buy” and an average price target of $198.33.

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.