Hsbc Holdings PLC Buys 62,659 Shares of Vicor Corporation $VICR

Hsbc Holdings PLC increased its stake in Vicor Corporation (NASDAQ:VICR) by 796.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,523 shares of the electronics maker’s stock after purchasing an additional 62,659 shares during the quarter. Hsbc Holdings PLC’s holdings in Vicor were worth $26,366,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. American Trust acquired a new position in Vicor during the second quarter valued at approximately $228,000. Jones Financial Companies Lllp raised its position in shares of Vicor by 59.1% in the second quarter. Jones Financial Companies Lllp now owns 5,419 shares of the electronics maker’s stock valued at $2,058,000 after purchasing an additional 2,012 shares during the period. Algert Global LLC lifted its stake in shares of Vicor by 100.8% in the second quarter. Algert Global LLC now owns 44,930 shares of the electronics maker’s stock worth $17,064,000 after buying an additional 22,559 shares during the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Vicor during the 2nd quarter worth $2,089,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Vicor during the 2nd quarter worth $278,000. Institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 3.3%

Shares of Vicor stock opened at $203.64 on Friday. Vicor Corporation has a 1 year low of $47.56 and a 1 year high of $382.65. The company’s fifty day simple moving average is $249.81 and its 200-day simple moving average is $234.91. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 65.27 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. As a group, research analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00. Following the completion of the sale, the chief executive officer owned 8,628,090 shares in the company, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 285,765 shares of company stock worth $92,050,357 over the last three months. 28.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.