Pinnacle Wealth Management Advisory Group LLC Sells 3,265 Shares of Vicor Corporation $VICR

Pinnacle Wealth Management Advisory Group LLC cut its position in Vicor Corporation (NASDAQ:VICR) by 57.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,382 shares of the electronics maker’s stock after selling 3,265 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vicor were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VICR. Vanguard Group Inc. grew its position in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 39.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after purchasing an additional 106,206 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VICR shares. Needham & Company LLC raised their target price on Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum upped their price target on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Roth Mkm upped their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $408.33.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the transaction, the chief executive officer directly owned 8,895,090 shares of the company’s stock, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 442,099 shares of company stock valued at $120,638,288. Corporate insiders own 28.30% of the company’s stock.

Vicor Stock Performance

VICR opened at $326.93 on Monday. The stock has a market cap of $14.90 billion, a PE ratio of 109.34 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40. The stock’s 50 day simple moving average is $290.25 and its 200-day simple moving average is $202.01.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the business earned $0.06 earnings per share. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts forecast that Vicor Corporation will post 2.94 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.