Pictet Asset Management Holding SA Purchases Shares of 3,176 Vicor Corporation $VICR

Pictet Asset Management Holding SA bought a new position in shares of Vicor Corporation (NASDAQ:VICR) during the fourth quarter, HoldingsChannel reports. The fund bought 3,176 shares of the electronics maker’s stock, valued at approximately $348,000.

A number of other hedge funds have also modified their holdings of VICR. Nisa Investment Advisors LLC grew its position 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 worth $30,000 after acquiring an additional 210 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Vicor during the fourth quarter worth $36,000. First PREMIER Bank acquired a new stake in shares of Vicor during the fourth quarter worth $55,000. PNC Financial Services Group Inc. lifted 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 period. Finally, Strs Ohio acquired a new stake in shares of Vicor during the first quarter worth $56,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Vicor Stock Performance

Vicor stock opened at $256.47 on Monday. Vicor Corporation has a one year low of $40.54 and a one year high of $293.95. The business has a fifty day moving average of $199.16 and a two-hundred day moving average of $147.20. The company has a market cap of $11.64 billion, a P/E ratio of 85.78 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter last year, the company earned $0.06 earnings per share. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. Sell-side analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Insider Buying and Selling

In other Vicor news, CAO Quentin A. Fendelet sold 5,060 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $277.07, for a total value of $1,401,974.20. Following the completion of the sale, the chief accounting officer owned 2,434 shares of the company’s stock, valued at approximately $674,388.38. This trade represents a 67.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $269.07, for a total value of $826,852.11. Following the completion of the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $516,614.40. This trade represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 716,070 shares of company stock valued at $135,619,356 in the last quarter. Corporate insiders own 31.30% of the company’s stock.

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.