GatePass Capital LLC Has $3.62 Million Position in Vicor Corporation $VICR

GatePass Capital LLC grew its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 230.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,000 shares of the electronics maker’s stock after acquiring an additional 23,000 shares during the quarter. Vicor accounts for 1.9% of GatePass Capital LLC’s holdings, making the stock its 13th biggest position. GatePass Capital LLC’s holdings in Vicor were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after acquiring an additional 60,963 shares during the period. Dimensional Fund Advisors LP grew its holdings in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. Millennium Management LLC grew its holdings in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Finally, Colrain Capital LLC grew its holdings in Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the transaction, the chief executive officer owned 9,408,163 shares of the company’s stock, valued at $1,667,596,891.75. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 722,802 shares of company stock worth $140,984,192. 31.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VICR shares. Needham & Company LLC increased their price target on Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vicor presently has a consensus rating of “Buy” and a consensus price target of $198.33.

Vicor Price Performance

VICR stock opened at $267.99 on Tuesday. The stock has a market capitalization of $12.21 billion, a PE ratio of 89.63 and a beta of 2.33. The company’s 50-day moving average is $219.98 and its 200-day moving average is $163.18. Vicor Corporation has a 1 year low of $40.54 and a 1 year high of $316.82.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, analysts anticipate 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.