Sequoia Financial Advisors LLC Purchases Shares of 1,935 Vicor Corporation $VICR

Sequoia Financial Advisors LLC purchased a new stake in Vicor Corporation (NASDAQ:VICR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,935 shares of the electronics maker’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICR. Royal Bank of Canada raised its stake in shares of Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC raised its stake in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the completion of the transaction, the chief executive officer owned 9,608,163 shares in the company, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 748,666 shares of company stock worth $145,530,238 in the last three months. Company insiders own 31.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC lifted their target price on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $198.33.

Vicor Stock Performance

NASDAQ:VICR opened at $264.20 on Thursday. The stock’s 50-day simple moving average is $214.34 and its 200 day simple moving average is $159.43. The company has a market cap of $12.04 billion, a P/E ratio of 88.36 and a beta of 2.33. Vicor Corporation has a 52-week low of $40.54 and a 52-week high of $316.82.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million for 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 quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, equities analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Vicor Company 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.