FourThought Financial Partners LLC Purchases New Holdings in Vicor Corporation $VICR

FourThought Financial Partners LLC acquired a new position in Vicor Corporation (NASDAQ:VICR) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 4,283 shares of the electronics maker’s stock, valued at approximately $213,000.

Several other institutional investors also recently modified their holdings of VICR. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vicor during the third quarter valued at approximately $352,000. Summit Global Investments bought a new position in Vicor in the third quarter worth $1,050,000. Colrain Capital LLC boosted its stake in Vicor by 10.4% during the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after buying an additional 23,940 shares in the last quarter. SG Americas Securities LLC bought a new stake in Vicor in the 3rd quarter valued at $448,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Vicor by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after buying an additional 10,532 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $167.81 on Friday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53. The business has a fifty day moving average of $162.65 and a two-hundred day moving average of $106.03. The stock has a market cap of $7.49 billion, a PE ratio of 64.30 and a beta of 1.84.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor has a consensus rating of “Buy” and an average price target of $118.33.

Insider Activity

In other news, Director Zheng John Shen sold 1,217 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $205.75, for a total value of $250,397.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total value of $8,862,500.00. Following the sale, the chief executive officer owned 9,508,163 shares in the company, valued at approximately $1,685,321,891.75. This trade represents a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 326,524 shares of company stock valued at $51,337,158. Corporate insiders own 31.30% of the company’s stock.

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.