Fifth Third Bancorp Has $819,000 Position in Vicor Corporation $VICR

Fifth Third Bancorp increased its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 2,680.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,088 shares of the electronics maker’s stock after acquiring an additional 4,905 shares during the quarter. Fifth Third Bancorp’s holdings in Vicor were worth $819,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 valued at $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC raised its position 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 valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Vicor by 38.4% in 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 valued at $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC lifted its stake 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 worth $413,000 after buying an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the transaction, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 367,606 shares of company stock worth $117,177,948 over the last 90 days. 28.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Capital raised their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Price Performance

Shares of NASDAQ VICR opened at $206.44 on Tuesday. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 66.17 and a beta of 2.33. The stock’s fifty day moving average price is $291.22 and its two-hundred day moving average price is $225.29. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

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.