Swiss Life Asset Management Ltd Acquires Shares of 2,827 Vicor Corporation $VICR

Swiss Life Asset Management Ltd acquired a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,827 shares of the electronics maker’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bouvel Investment Partners LLC lifted its stake in Vicor by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after acquiring an additional 85 shares during the period. PNC Financial Services Group Inc. lifted its stake in Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares during the period. Truist Financial Corp lifted its stake in Vicor by 2.1% during the 4th quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock valued at $761,000 after acquiring an additional 140 shares during the period. CWM LLC lifted its stake in Vicor by 6.9% during the 4th quarter. CWM LLC now owns 3,070 shares of the electronics maker’s stock valued at $336,000 after acquiring an additional 199 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICR has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. One investment 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 $198.33.

Vicor Price Performance

VICR opened at $249.02 on Tuesday. The firm has a fifty day moving average price of $210.84 and a 200 day moving average price of $157.14. Vicor Corporation has a 1 year low of $40.54 and a 1 year high of $316.82. The stock has a market cap of $11.35 billion, a P/E ratio of 83.28 and a beta of 2.33.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that Vicor Corporation will post 2.71 EPS for the current year.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,608,163 shares in the company, valued at $1,936,429,171.02. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 748,666 shares of company stock valued at $145,530,238. Insiders own 31.30% of the company’s stock.

Vicor 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.