Janus Henderson Group PLC Sells 59,658 Shares of Vicor Corporation $VICR

Janus Henderson Group PLC decreased its position in shares of Vicor Corporation (NASDAQ:VICR) by 66.2% during the 1st quarter, Holdings Channel reports. The fund owned 30,404 shares of the electronics maker’s stock after selling 59,658 shares during the quarter. Janus Henderson Group PLC’s holdings in Vicor were worth $4,894,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised 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 worth $47,368,000 after purchasing an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Vicor by 1,542.2% in the 4th 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 during the period. Millennium Management LLC grew its holdings in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after buying an additional 171,175 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction 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 directly owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip D. Davies sold 3,072 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the sale, the vice president directly owned 1,920 shares in the company, valued at $406,444.80. This trade represents a 61.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 345,347 shares of company stock valued at $111,184,564. 28.30% of the stock is owned by insiders.

Vicor Price Performance

VICR stock opened at $218.72 on Friday. The stock has a market capitalization of $9.97 billion, a P/E ratio of 70.10 and a beta of 2.37. The business has a 50-day moving average of $277.90 and a 200-day moving average of $229.02. Vicor Corporation has a fifty-two week low of $45.41 and a fifty-two 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 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 firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the prior year, the firm posted $0.91 EPS. The business’s revenue was up 49.3% on a year-over-year basis. Equities analysts expect that Vicor Corporation will post 3.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research 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 on the stock in a report on Tuesday, July 21st. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and a consensus target price 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.