Leelyn Smith LLC Buys New Stake in Vicor Corporation $VICR

Leelyn Smith LLC bought a new position in Vicor Corporation (NASDAQ:VICR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the electronics maker’s stock, valued at approximately $805,000.

Several other institutional investors have also recently bought and sold shares of VICR. Royal Bank of Canada boosted its holdings in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 increased its stake 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 purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC lifted its position 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 purchasing an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VICR shares. Craig Hallum increased their target price on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm upped their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC increased their price objective on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $408.33.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’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 value of $9,660,500.00. Following the completion of the sale, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 503,630 shares of company stock valued at $142,197,891. Corporate insiders own 28.30% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $282.95 on Friday. The company has a 50-day simple moving average of $300.36 and a 200-day simple moving average of $209.43. The firm has a market capitalization of $12.90 billion, a P/E ratio of 94.63 and a beta of 2.33. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $382.65.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $109.05 million. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current 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.