Apis Capital Advisors LLC Makes New $658,000 Investment in Vicor Corporation $VICR

Apis Capital Advisors LLC purchased a new position in Vicor Corporation (NASDAQ:VICR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 6,000 shares of the electronics maker’s stock, valued at approximately $658,000.

Several other large investors also recently modified their holdings of the business. ProShare Advisors LLC increased its holdings in shares of Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 74 shares in the last quarter. Bouvel Investment Partners LLC increased its holdings in shares of Vicor by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after acquiring an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Vicor by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after acquiring an additional 90 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 136 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Vicor by 2.1% in the fourth quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock worth $761,000 after acquiring an additional 140 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VICR has been the subject of several recent analyst reports. Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Roth Mkm restated a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research 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 stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Buy” and a consensus price target of $228.33.

Vicor Stock Performance

VICR opened at $325.17 on Thursday. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $361.89. The firm has a market capitalization of $14.82 billion, a PE ratio of 108.75 and a beta of 2.36. The business’s 50-day simple moving average is $268.96 and its 200 day simple moving average is $190.09.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Vicor’s revenue was up 20.2% on a year-over-year basis. On average, research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares of the company’s stock, valued at $1,718,620,338.90. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 494,175 shares of company stock worth $119,770,174 in the last three months. Company insiders own 28.30% 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.