Rice Hall James & Associates LLC Buys 5,144 Shares of Vicor Corporation $VICR

Rice Hall James & Associates LLC grew its holdings in Vicor Corporation (NASDAQ:VICR) by 15.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,761 shares of the electronics maker’s stock after buying an additional 5,144 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.09% of Vicor worth $4,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VICR. Federated Hermes Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $27,000. Harbour Investments Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% in the 4th 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 period. NBC Securities Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 504,175 shares of company stock valued at $117,108,774. Company insiders own 28.30% of the company’s stock.

Vicor Stock Up 6.1%

VICR opened at $322.41 on Tuesday. The stock has a market cap of $14.70 billion, a PE ratio of 107.83 and a beta of 2.36. The business has a 50 day moving average of $262.28 and a 200-day moving average of $186.80. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.

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

Analyst Upgrades and Downgrades

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

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.