Vicor Corporation $VICR Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vicor Corporation (NASDAQ:VICR) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,121 shares of the electronics maker’s stock after acquiring an additional 11,733 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Vicor worth $19,415,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Andar Capital Management HK Ltd purchased a new position in shares of Vicor during the 2nd quarter valued at approximately $101,100,000. BlackRock Inc. acquired a new stake in Vicor during the second quarter valued at $934,612,000. The Manufacturers Life Insurance Company increased its holdings in Vicor by 3,918.9% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares in the last quarter. Finally, 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 worth $12,379,000 after acquiring an additional 259,022 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insiders Place Their Bets

In other Vicor news, VP Philip Davies sold 3,073 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the transaction, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. This represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 238,266 shares of company stock worth $76,514,148. Corporate insiders own 28.30% of the company’s stock.

Vicor Stock Up 5.5%

Shares of NASDAQ VICR opened at $188.55 on Friday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 60.43 and a beta of 2.35. The company’s 50-day simple moving average is $231.54 and its 200-day simple moving average is $235.38. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Equities research analysts anticipate that Vicor Corporation will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VICR shares. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC cut their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Roth Capital boosted their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Craig Hallum upped their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.67.

About Vicor

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.