Weiss Asset Management LP Purchases New Holdings in Vicor Corporation $VICR

Weiss Asset Management LP acquired a new position in Vicor Corporation (NASDAQ:VICR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,500 shares of the electronics maker’s stock, valued at approximately $4,588,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the last quarter. Millennium Management LLC boosted 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 worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 purchasing an additional 254,630 shares in the last quarter. Finally, Arosa Capital Management LP purchased a new stake in shares of Vicor during the fourth quarter worth approximately $14,796,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00. Following the sale, the chief executive officer directly owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 367,606 shares of company stock worth $117,177,948 over the last three months. Insiders own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Capital increased their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC decreased their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Stock Performance

NASDAQ:VICR opened at $211.01 on Monday. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65. The stock has a market cap of $9.62 billion, a PE ratio of 67.63 and a beta of 2.33. The stock has a 50 day moving average price of $292.07 and a 200 day moving average price of $224.81.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal 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.