Bruce & Co. Inc. Sells 25,000 Shares of Vicor Corporation $VICR

Bruce & Co. Inc. reduced its position in shares of Vicor Corporation (NASDAQ:VICR) by 27.8% in the first quarter, HoldingsChannel reports. The firm owned 65,000 shares of the electronics maker’s stock after selling 25,000 shares during the quarter. Vicor makes up 3.0% of Bruce & Co. Inc.’s investment portfolio, making the stock its 14th largest position. Bruce & Co. Inc.’s holdings in Vicor were worth $10,465,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. purchased a new position in shares of Vicor in the fourth quarter worth approximately $27,000. Blue Trust Inc. grew its position in Vicor by 1,814.3% during 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 period. ROSS JOHNSON & Associates LLC increased its holdings in Vicor by 13,750.0% during 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 during the last quarter. Harbour Investments Inc. purchased a new stake in Vicor during the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. raised its position in Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 197 shares during the period. Institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VICR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Needham & Company LLC reduced their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday. Craig Hallum raised their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Roth Capital lifted their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $231.38 on Friday. The company has a market capitalization of $10.55 billion, a P/E ratio of 74.16 and a beta of 2.33. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The firm’s 50 day simple moving average is $293.32 and its two-hundred day simple moving average is $224.27.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. On average, sell-side analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the 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 sale, the chief executive officer owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. This represents a 0.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 369,647 shares of company stock valued at $117,743,305. Corporate insiders own 28.30% of the company’s stock.

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.