Jackson Creek Investment Advisors LLC Makes New $509,000 Investment in Vicor Corporation $VICR

Jackson Creek Investment Advisors LLC purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, Holdings Channel reports. The firm purchased 4,645 shares of the electronics maker’s stock, valued at approximately $509,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GatePass Capital LLC grew its holdings in Vicor by 230.0% during the 4th quarter. GatePass Capital LLC now owns 33,000 shares of the electronics maker’s stock worth $3,617,000 after acquiring an additional 23,000 shares in the last quarter. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter worth approximately $32,000. Global Retirement Partners LLC grew its holdings in Vicor by 969.4% during the 4th quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 349 shares in the last quarter. ProShare Advisors LLC grew its holdings in Vicor by 1.7% during the 4th 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. Finally, Sapient Capital LLC acquired a new position in Vicor during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Transactions at Vicor

In related news, VP Alvaro Doyle sold 4,041 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $286.91, for a total value of $1,159,403.31. Following the completion of the sale, the vice president owned 42 shares in the company, valued at $12,050.22. This represents a 98.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Quentin A. Fendelet sold 5,059 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $297.03, for a total transaction of $1,502,674.77. Following the completion of the sale, the chief accounting officer owned 4,963 shares of the company’s stock, valued at approximately $1,474,159.89. This trade represents a 50.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 719,386 shares of company stock worth $140,905,205 over the last 90 days. Company insiders own 31.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VICR. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Roth Mkm restated a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $228.33.

Vicor Trading Up 3.9%

Shares of Vicor stock opened at $345.84 on Thursday. The company has a fifty day simple moving average of $226.39 and a 200-day simple moving average of $166.66. Vicor Corporation has a 12-month low of $41.74 and a 12-month high of $361.89. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 115.67 and a beta of 2.33.

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

Vicor 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.