Nissay Asset Management Corp Japan Acquires 4,704 Shares of Vicor Corporation $VICR

Nissay Asset Management Corp Japan increased its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 49.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,237 shares of the electronics maker’s stock after acquiring an additional 4,704 shares during the period. Nissay Asset Management Corp Japan’s holdings in Vicor were worth $5,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICR. Federated Hermes Inc. purchased a new position in Vicor in the 4th quarter worth approximately $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter valued at approximately $32,000. Allworth Financial LP grew its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Vicor during the fourth quarter valued at approximately $36,000. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total transaction of $6,591,400.00. Following the completion of the sale, the chief executive officer owned 8,528,090 shares of the company’s stock, valued at approximately $2,810,602,621.30. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 277,693 shares of company stock valued at $89,452,976. Company insiders own 28.30% of the company’s stock.

Vicor Price Performance

Vicor stock opened at $187.75 on Monday. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 60.18 and a beta of 2.37. The firm’s fifty day moving average is $246.94 and its 200 day moving average is $235.11. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The business 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 revenue was up 49.3% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, equities research analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. 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. Finally, Needham & Company LLC decreased their target price on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.