29,257 Shares in Vicor Corporation $VICR Bought by Beaconlight Capital LLC

Beaconlight Capital LLC bought a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,257 shares of the electronics maker’s stock, valued at approximately $3,207,000. Vicor comprises approximately 1.9% of Beaconlight Capital LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the period. Dimensional Fund Advisors LP boosted its position in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $48,205,000 after buying an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Vicor by 3,918.9% in 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 buying an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Vicor by 39.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on VICR shares. Needham & Company LLC upped their price objective on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $228.33.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 494,175 shares of company stock valued at $119,770,174. Company insiders own 28.30% of the company’s stock.

Vicor Price Performance

NASDAQ VICR opened at $325.17 on Thursday. The company has a market cap of $14.82 billion, a P/E ratio of 108.75 and a beta of 2.36. The stock has a 50-day moving average of $268.96 and a two-hundred day moving average of $190.09. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89.

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