Range Financial Group LLC Makes New Investment in Vicor Corporation $VICR

Range Financial Group LLC bought a new position in Vicor Corporation (NASDAQ:VICR) during the fourth quarter, Holdings Channel reports. The firm bought 14,026 shares of the electronics maker’s stock, valued at approximately $1,537,000.

Several other institutional investors have also bought and sold shares of VICR. Exchange Traded Concepts LLC bought a new stake in shares of Vicor in the 4th quarter valued at approximately $102,000. Tradewinds Capital Management LLC bought a new position in shares of Vicor in the fourth quarter worth about $156,000. First Bank & Trust purchased a new position in shares of Vicor during the fourth quarter worth approximately $412,000. SG Americas Securities LLC increased its holdings in Vicor by 9.8% during the 4th quarter. SG Americas Securities LLC now owns 9,904 shares of the electronics maker’s stock worth $1,085,000 after purchasing an additional 885 shares during the period. Finally, Diversified Trust Co. bought a new stake in shares of Vicor in the fourth quarter valued at about $457,000. Institutional investors own 47.45% of the company’s stock.

Insider Activity at Vicor

In other Vicor news, Director Estia J. Eichten sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.00, for a total transaction of $348,000.00. Following the sale, the director owned 188,838 shares of the company’s stock, valued at approximately $32,857,812. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James F. Schmidt sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total transaction of $2,746,445.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 533,625 shares of company stock valued at $96,602,809 over the last 90 days. Company insiders own 31.30% of the company’s stock.

Vicor Stock Performance

Vicor stock opened at $142.22 on Tuesday. The stock has a market cap of $6.45 billion, a PE ratio of 54.49 and a beta of 1.83. The stock has a 50-day moving average of $171.01 and a two-hundred day moving average of $117.23. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.33.

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.