Pinnacle Wealth Management Advisory Group LLC Makes New $619,000 Investment in Vicor Corporation $VICR

Pinnacle Wealth Management Advisory Group LLC bought a new position in Vicor Corporation (NASDAQ:VICR) in the 4th quarter, HoldingsChannel reports. The fund bought 5,647 shares of the electronics maker’s stock, valued at approximately $619,000.

Several other institutional investors and hedge funds have also recently bought and sold shares 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 worth $277,785,000 after purchasing an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the last quarter. Millennium Management LLC grew its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Finally, Colrain Capital LLC grew its position in Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after purchasing an additional 23,940 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, VP Philip D. Davies sold 3,073 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $269.07, for a total transaction 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 $516,614.40. This represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrizio Vinciarelli sold 4,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $273.09, for a total transaction of $1,092,360.00. Following the sale, the chief executive officer directly owned 167,125 shares of the company’s stock, valued at approximately $45,640,166.25. This represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 693,812 shares of company stock valued at $129,802,512. Corporate insiders own 31.30% of the company’s stock.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. One equities 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’s stock. Based on data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and a consensus target price of $198.33.

Vicor Trading Down 6.5%

Shares of NASDAQ:VICR opened at $251.02 on Tuesday. The company has a 50 day moving average of $193.65 and a 200-day moving average of $142.75. The firm has a market cap of $11.39 billion, a P/E ratio of 83.95 and a beta of 2.33. Vicor Corporation has a twelve month low of $39.64 and a twelve month high of $293.95.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company 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 business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. Equities research analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Vicor 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.