Harbor Investment Advisory LLC Sells 5,100 Shares of Vicor Corporation $VICR

Harbor Investment Advisory LLC cut its position in Vicor Corporation (NASDAQ:VICR) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,261 shares of the electronics maker’s stock after selling 5,100 shares during the quarter. Harbor Investment Advisory LLC owned about 0.08% of Vicor worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VICR. PNC Financial Services Group Inc. raised its position in shares of Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Vicor by 3.4% in the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Vicor by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 1,565 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 259 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Vicor by 5.4% during the 3rd quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock valued at $272,000 after acquiring an additional 281 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vicor

In related news, CFO James F. Schmidt sold 15,500 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total transaction of $2,746,445.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total value of $9,809,000.00. Following the completion of the sale, the chief executive officer owned 9,108,163 shares of the company’s stock, valued at approximately $1,786,839,417.34. This trade represents a 0.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 499,687 shares of company stock worth $84,444,379 over the last three months. Corporate insiders own 31.30% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $164.54 on Friday. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 63.04 and a beta of 1.84. The firm has a 50 day moving average price of $168.52 and a 200-day moving average price of $111.53.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

VICR has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Vicor has an average rating of “Buy” and an average target price of $118.33.

About Vicor

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.