Sei Investments Co. Increases Stake in Vicor Corporation $VICR

Sei Investments Co. raised its position in Vicor Corporation (NASDAQ:VICR) by 50.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,673 shares of the electronics maker’s stock after acquiring an additional 8,924 shares during the quarter. Sei Investments Co.’s holdings in Vicor were worth $4,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICR. Federated Hermes Inc. purchased a new stake in shares of Vicor during the 4th quarter worth $27,000. Blue Trust Inc. increased its holdings in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its stake in Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. lifted its holdings in Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total value of $6,842,000.00. Following the completion of the transaction, the chief executive officer owned 8,828,090 shares in the company, valued at $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 345,347 shares of company stock valued at $111,184,564. Company insiders own 28.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VICR shares. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Roth Capital increased their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC cut their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Price Performance

Shares of NASDAQ VICR opened at $219.08 on Thursday. The stock has a fifty day moving average price of $280.36 and a 200 day moving average price of $228.54. Vicor Corporation has a 1-year low of $44.97 and a 1-year high of $382.65. The company has a market cap of $9.99 billion, a PE ratio of 70.22 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Analysts anticipate that Vicor Corporation will post 3.12 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.