Pacer Advisors Inc. Has $457,000 Position in Vicor Corporation $VICR

Pacer Advisors Inc. lessened its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 50.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,838 shares of the electronics maker’s stock after selling 2,843 shares during the quarter. Pacer Advisors Inc.’s holdings in Vicor were worth $457,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VICR. Convergence Investment Partners LLC acquired a new stake in shares of Vicor in the 4th quarter worth about $1,631,000. Chicago Capital LLC bought a new position in Vicor in the 4th quarter valued at about $771,000. Strs Ohio boosted its stake in Vicor by 128.6% during the 4th quarter. Strs Ohio now owns 9,600 shares of the electronics maker’s stock valued at $1,052,000 after purchasing an additional 5,400 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Vicor during the 1st quarter valued at about $761,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $270.93, for a total transaction of $5,418,600.00. Following the completion of the transaction, the chief executive officer owned 8,688,090 shares in the company, valued at approximately $2,353,864,223.70. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 313,551 shares of company stock valued at $101,525,962. 28.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on VICR shares. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Roth Capital upped their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC lowered their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Craig Hallum raised their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Stock Up 1.0%

Vicor stock opened at $210.88 on Wednesday. Vicor Corporation has a 52 week low of $45.44 and a 52 week high of $382.65. The company’s 50 day moving average price is $270.78 and its two-hundred day moving average price is $230.23. The stock has a market cap of $9.72 billion, a P/E ratio of 67.59 and a beta of 2.37.

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