Vicor Corporation $VICR Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Vicor Corporation (NASDAQ:VICRFree Report) by 205.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,916 shares of the electronics maker’s stock after purchasing an additional 3,981 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vicor were worth $952,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Range Financial Group LLC acquired a new stake in shares of Vicor in the fourth quarter worth $1,537,000. Convergence Investment Partners LLC purchased a new position in Vicor during the fourth quarter worth about $1,631,000. Chicago Capital LLC purchased a new stake in shares of Vicor during the 4th quarter valued at approximately $771,000. Andar Capital Management HK Ltd purchased a new stake in Vicor in the fourth quarter valued at $3,507,000. Finally, Washburn Capital Management Inc. acquired a new position in Vicor in the fourth quarter valued at about $812,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor News Summary

Here are the key news stories impacting Vicor this week:

Wall Street Analyst Weigh In

VICR has been the topic of several research reports. Craig Hallum increased their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Needham & Company LLC increased their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.33.

View Our Latest Stock Analysis on Vicor

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the transaction, the chief executive officer owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 392,682 shares of company stock valued at $123,899,833 over the last ninety days. Insiders own 28.30% of the company’s stock.

Vicor Stock Up 3.1%

Shares of NASDAQ:VICR opened at $237.62 on Friday. The company has a market cap of $10.83 billion, a P/E ratio of 79.47 and a beta of 2.33. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $382.65. The company has a 50-day moving average price of $299.54 and a 200 day moving average price of $220.37.

Vicor (NASDAQ:VICRGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. Analysts expect that Vicor Corporation will post 2.94 EPS for the current year.

About Vicor

(Free Report)

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.

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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