Twin Tree Management LP Takes Position in Vicor Corporation $VICR

Twin Tree Management LP purchased a new stake in Vicor Corporation (NASDAQ:VICR) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,309 shares of the electronics maker’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at approximately $32,000. Allworth Financial LP grew its position in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. acquired a new position in shares of Vicor in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. grew its position in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Vicor by 969.4% in the 4th quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 349 shares during the period. 47.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Needham & Company LLC boosted their price objective on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $228.33.

Vicor Trading Up 3.1%

Shares of VICR opened at $283.48 on Wednesday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The firm has a fifty day simple moving average of $250.62 and a 200 day simple moving average of $180.77. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 94.81 and a beta of 2.36.

Vicor (NASDAQ:VICR) last issued its quarterly 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 firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period in the previous year, the business earned $0.06 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Estia J. Eichten sold 38,587 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $168.27, for a total transaction of $6,493,034.49. Following the sale, the director owned 190,838 shares in the company, valued at approximately $32,112,310.26. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $196.18, for a total value of $9,809,000.00. Following the transaction, the chief executive officer directly owned 9,108,163 shares of the company’s stock, valued at $1,786,839,417.34. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 631,206 shares of company stock valued at $137,116,061 in the last 90 days. 31.30% of the stock is owned by corporate insiders.

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.