Entropy Technologies LP Invests $1 Million in Vicor Corporation $VICR

Entropy Technologies LP purchased a new stake in Vicor Corporation (NASDAQ:VICR) in the first quarter, Holdings Channel reports. The institutional investor purchased 6,232 shares of the electronics maker’s stock, valued at approximately $1,003,000.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. increased its holdings in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC raised its position in Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. bought a new position in Vicor in the fourth quarter valued at about $32,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Transactions at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. The trade was a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 367,606 shares of company stock worth $117,177,948. 28.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VICR. Needham & Company LLC reduced their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Craig Hallum boosted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Vicor Trading Down 6.9%

Shares of VICR stock opened at $192.12 on Wednesday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 61.58 and a beta of 2.33. The stock has a 50-day moving average of $290.19 and a 200-day moving average of $225.66.

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

About Vicor

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.