Bayban Takes Position in Vicor Corporation $VICR

Bayban acquired a new position in Vicor Corporation (NASDAQ:VICR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,100 shares of the electronics maker’s stock, valued at approximately $778,000.

Several other large investors have also recently modified their holdings of VICR. Royal Bank of Canada boosted its stake in Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC increased its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $331.37 on Friday. The business’s 50-day moving average is $275.42 and its two-hundred day moving average is $192.77. The company has a market capitalization of $15.10 billion, a P/E ratio of 110.83 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share 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 analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC boosted their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $228.33.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $329.57, for a total value of $6,591,400.00. Following the completion of the transaction, the chief executive officer directly owned 8,548,090 shares of the company’s stock, valued at approximately $2,817,194,021.30. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Philip D. Davies sold 3,072 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $321.69, for a total transaction of $988,231.68. Following the sale, the vice president directly owned 1,920 shares in the company, valued at $617,644.80. The trade was a 61.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 470,099 shares of company stock valued at $118,433,183 in the last three months. 28.30% of the stock is currently owned by insiders.

Vicor Company 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.