Vicor Corporation $VICR Shares Newly Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC purchased a new position in Vicor Corporation (NASDAQ:VICR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,992 shares of the electronics maker’s stock, valued at approximately $1,153,000.

Other large investors also recently modified their holdings of the company. Andar Capital Management HK Ltd acquired a new stake in shares of Vicor during the second quarter worth about $101,100,000. BlackRock Inc. bought a new position in shares of Vicor during the 2nd quarter valued at about $934,612,000. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Vicor by 1,161,438.5% in the 3rd quarter. International Assets Investment Management LLC now owns 151,000 shares of the electronics maker’s stock valued at $43,630,000 after purchasing an additional 150,987 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of Vicor in a research note on Tuesday, October 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Roth Capital set a $360.00 price target on shares of Vicor in a report on Wednesday, October 21st. Finally, Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One investment 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 stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and an average target price of $386.67.

Insider Buying and Selling at Vicor

In other news, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the sale, the director owned 908 shares in the company, valued at $227,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Philip D. Davies sold 3,073 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the completion of the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $351,859.20. The trade was a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,054 shares of company stock worth $7,658,830 over the last ninety days. 28.30% of the stock is currently owned by corporate insiders.

Vicor Price Performance

Shares of NASDAQ VICR opened at $146.88 on Monday. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 38.45 and a beta of 2.45. The business has a 50-day moving average of $220.81 and a 200-day moving average of $226.48. Vicor Corporation has a fifty-two week low of $80.29 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The business had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Vicor’s revenue was up 78.5% on a year-over-year basis. On average, sell-side analysts expect that Vicor Corporation will post 3.94 EPS for the current year.

Vicor Profile

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems. Its products convert and regulate electrical power, including AC-to-DC and DC-to-DC converters, and are used to deliver power efficiently in electronic equipment.

The company’s offerings include configurable power modules and systems based on its power-conversion architectures. Vicor serves customers in markets such as data centers and computing, telecommunications, industrial equipment, aerospace and defense, and automotive applications.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers worldwide.