Key Points
- Philip Davies sold 5,419 shares on March 5 at an average price of $189.67 for about $1.03M, leaving him with 1,920 shares — a 73.84% reduction in his stake.
- Vicor reported a blowout quarter with $1.01 EPS vs $0.38 expected and $362.7M in revenue (vs. $107.8M expected), while the stock trades near its 12‑month high and a $7.59B market cap.
- Institutional investors materially increased positions—large additions by The Manufacturers Life, T. Rowe, Millennium and Arrowstreet—leaving institutions and hedge funds owning about 47.45% of the company.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 5,419 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $189.67, for a total value of $1,027,821.73. Following the completion of the transaction, the vice president owned 1,920 shares in the company, valued at approximately $364,166.40. This represents a 73.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Vicor Stock Up 4.5%
Shares of VICR stock opened at $170.03 on Tuesday. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 65.15 and a beta of 1.83. The stock has a 50-day moving average price of $158.86 and a 200 day moving average price of $104.20.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63. The company had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS.
Institutional Trading of Vicor
Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC increased its holdings in shares of Vicor by 4,634.5% in 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 during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor during the third quarter valued at approximately $12,625,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on VICR shares. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Roth Mkm reaffirmed a "buy" rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $118.33.
Read Our Latest Stock Report on VICR
Vicor Company Profile
(
Get Free Report)
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.
Further Reading
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