Sandro Wealth Management LLC Purchases New Holdings in Vicor Corporation $VICR

Sandro Wealth Management LLC acquired a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,500 shares of the electronics maker’s stock, valued at approximately $3,988,000. Vicor makes up about 2.9% of Sandro Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in shares of Vicor during the 4th quarter valued at approximately $27,000. Harbour Investments Inc. bought a new stake in shares of Vicor in the fourth quarter worth $32,000. Allworth Financial LP increased 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 worth $35,000 after buying an additional 288 shares during the last quarter. NBC Securities Inc. acquired a new stake in Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. raised its holdings in 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 acquiring an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Trading Up 3.6%

VICR stock opened at $234.74 on Friday. The stock’s 50 day simple moving average is $266.38 and its 200 day simple moving average is $231.19. Vicor Corporation has a 12-month low of $45.44 and a 12-month high of $382.65. The firm has a market cap of $10.82 billion, a P/E ratio of 75.24 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released 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 net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 49.3% on a year-over-year basis. On average, research analysts forecast that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00. Following the transaction, the chief executive officer directly owned 8,628,090 shares in the company, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their position. The transaction 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 90 days, insiders have sold 312,751 shares of company stock valued at $101,273,682. Company insiders own 28.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on VICR shares. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC reduced their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Finally, Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Vicor currently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

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.