EFG International AG Sells 2,616 Shares of Vicor Corporation $VICR

EFG International AG lowered its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 15.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,397 shares of the electronics maker’s stock after selling 2,616 shares during the quarter. EFG International AG’s holdings in Vicor were worth $5,467,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Vicor during the second quarter worth $934,612,000. Convergence Investment Partners LLC bought a new stake in Vicor in the 4th quarter valued at $1,631,000. The Manufacturers Life Insurance Company lifted its position in 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 acquiring an additional 171,175 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Vicor by 363.7% in the 1st quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker’s stock worth $7,615,000 after purchasing an additional 37,100 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Vicor in the 1st quarter worth $761,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VICR. Craig Hallum increased their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC decreased their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Insider Buying and Selling

In other Vicor news, VP Philip D. Davies sold 3,072 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew D’amico sold 331 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the transaction, the director directly owned 200 shares in the company, valued at $63,906. This trade represents a 62.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 305,765 shares of company stock worth $98,892,357 in the last three months. Insiders own 28.30% of the company’s stock.

Vicor Trading Up 2.4%

Vicor stock opened at $194.62 on Wednesday. The company has a market cap of $8.97 billion, a P/E ratio of 62.38 and a beta of 2.37. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65. The company has a fifty day simple moving average of $254.93 and a 200 day simple moving average of $234.25.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, equities research analysts forecast that Vicor Corporation will post 3.12 EPS for the current year.

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.