Vicor Corporation $VICR Stock: International Assets Investment Management LLC Boosts Stake

International Assets Investment Management LLC grew its stake in shares of Vicor Corporation (NASDAQ:VICR) by 1,161,438.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,000 shares of the electronics maker’s stock after purchasing an additional 150,987 shares during the quarter. International Assets Investment Management LLC’s holdings in Vicor were worth $43,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICR. BOKF NA acquired a new stake in shares of Vicor in the 3rd quarter valued at approximately $89,000. Park Avenue Securities LLC increased its holdings in Vicor by 19.1% during the third quarter. Park Avenue Securities LLC now owns 4,418 shares of the electronics maker’s stock worth $1,277,000 after buying an additional 710 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Vicor by 60.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212 shares of the electronics maker’s stock worth $61,000 after buying an additional 80 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Vicor during the third quarter worth $219,000. Finally, Signaturefd LLC raised its position in Vicor by 91.5% during the third quarter. Signaturefd LLC now owns 270 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Trading Down 7.5%

VICR stock opened at $191.09 on Friday. Vicor Corporation has a 1-year low of $80.29 and a 1-year high of $382.65. The business’s 50 day simple moving average is $224.63 and its 200 day simple moving average is $226.19. The firm has a market capitalization of $8.82 billion, a PE ratio of 54.09 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $187.03 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 78.5% on a year-over-year basis. As a group, sell-side analysts predict that Vicor Corporation will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares in the company, valued at $227,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,053 shares of company stock worth $7,745,984 over the last ninety days. Insiders own 28.30% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.