Vicor Corporation $VICR Shares Bought by Intech Investment Management LLC

by · The Markets Daily

Intech Investment Management LLC grew its position in shares of Vicor Corporation (NASDAQ:VICR – Free Report) by 31.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,091 shares of the electronics maker’s stock after acquiring an additional 9,305 shares during the period. Intech Investment Management LLC’s holdings in Vicor were worth $4,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at about $32,000. Allworth Financial LP grew its stake in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. grew its stake in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Vicor by 969.4% in the fourth quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock valued at $42,000 after buying an additional 349 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Performance

Shares of VICR opened at $328.85 on Tuesday. The company has a market capitalization of $14.99 billion, a P/E ratio of 109.98 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The stock has a 50-day moving average price of $234.94 and a 200 day moving average price of $171.83.

Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $109.05 million. During the same quarter last year, the business posted $0.06 EPS. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the transaction, the chief executive officer owned 9,408,163 shares of the company’s stock, valued at $1,667,596,891.75. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 734,410 shares of company stock worth $147,190,068. Company insiders own 31.30% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent research reports. Needham & Company LLC increased their target price on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Finally, Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $228.33.

Get Our Latest Report on Vicor

Vicor Profile

(Free Report)

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.

See Also

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