Sandro Wealth Management LLC Purchases Shares of 10,600 Vicor Corporation $VICR

Sandro Wealth Management LLC purchased a new stake in Vicor Corporation (NASDAQ:VICR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,600 shares of the electronics maker’s stock, valued at approximately $1,162,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICR. Nisa Investment Advisors LLC boosted its position in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares during the period. NBC Securities Inc. purchased a new position in Vicor in the 4th quarter valued at approximately $36,000. First PREMIER Bank purchased a new position in Vicor in the 4th quarter valued at approximately $55,000. Strs Ohio purchased a new position in Vicor in the 1st quarter valued at approximately $56,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 4,000 shares of Vicor stock in a transaction on Friday, April 24th. The shares were sold at an average price of $273.09, for a total transaction of $1,092,360.00. Following the sale, the chief executive officer directly owned 167,125 shares in the company, valued at $45,640,166.25. This trade represents a 2.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alvaro Doyle sold 8,000 shares of Vicor stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $259.90, for a total transaction of $2,079,200.00. Following the sale, the vice president owned 42 shares in the company, valued at $10,915.80. This represents a 99.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 690,739 shares of company stock worth $128,975,660 over the last three months. Company insiders own 31.30% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $268.52 on Friday. The company’s fifty day moving average price is $193.65 and its 200 day moving average price is $141.50. Vicor Corporation has a 12 month low of $39.64 and a 12 month high of $293.95. The firm has a market capitalization of $12.18 billion, a P/E ratio of 89.81 and a beta of 1.97.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the business earned $0.06 EPS. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICR. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $198.33.

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.