Ieq Capital LLC Invests $3.59 Million in Vicor Corporation $VICR

Ieq Capital LLC bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,446 shares of the electronics maker’s stock, valued at approximately $3,587,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VICR shares. Roth Capital upped their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum raised their target price on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC dropped their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Zacks Research downgraded 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 given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00. Following the sale, the chief executive officer directly owned 8,608,090 shares of the company’s stock, valued at approximately $2,624,348,398.30. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 306,088 shares of company stock worth $99,007,022 in the last three months. 28.30% of the stock is currently owned by insiders.

Vicor Stock Performance

Shares of VICR opened at $189.99 on Tuesday. Vicor Corporation has a fifty-two week low of $47.56 and a fifty-two week high of $382.65. The firm’s 50-day simple moving average is $257.44 and its two-hundred day simple moving average is $233.95. The stock has a market cap of $8.76 billion, a PE ratio of 60.89 and a beta of 2.37.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Equities research analysts predict 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.