3,992 Shares in Vicor Corporation $VICR Purchased by Verus Capital Partners LLC

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

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Vicor in the second quarter valued at approximately $934,612,000. Andar Capital Management HK Ltd acquired a new position in Vicor during the 2nd quarter worth $101,100,000. The Manufacturers Life Insurance Company lifted its holdings in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after buying an additional 162,186 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Vicor during the 2nd quarter worth $53,161,000. 47.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction that occurred on 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 owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% 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, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,054 shares of company stock valued at $7,658,830 in the last 90 days. 28.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Vicor Stock Performance

Shares of VICR opened at $146.88 on Monday. Vicor Corporation has a 1 year low of $80.29 and a 1 year high of $382.65. The stock has a market cap of $6.78 billion, a P/E ratio of 38.45 and a beta of 2.45. The stock’s 50-day moving average price is $220.81 and its two-hundred day moving average price is $226.48.

Vicor (NASDAQ:VICR) last posted 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. The company had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The company’s revenue for the quarter was up 78.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. As a group, equities analysts forecast 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.