Diversified Trust Co. Acquires New Holdings in Vicor Corporation $VICR

Diversified Trust Co. bought a new stake in Vicor Corporation (NASDAQ:VICR) during the fourth quarter, Holdings Channel.com reports. The firm bought 4,168 shares of the electronics maker’s stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Colrain Capital LLC grew its position in Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor during the 3rd quarter worth $12,625,000. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In other news, CFO James F. Schmidt sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $177.19, for a total transaction of $2,746,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Estia J. Eichten sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.00, for a total value of $348,000.00. Following the completion of the transaction, the director directly owned 188,838 shares in the company, valued at approximately $32,857,812. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 559,542 shares of company stock worth $99,520,379. Corporate insiders own 31.30% of the company’s stock.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $153.02 on Friday. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The firm has a market cap of $6.94 billion, a PE ratio of 58.63 and a beta of 1.84. The firm’s fifty day moving average is $171.16 and its 200-day moving average is $116.13.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vicor has a consensus rating of “Buy” and an average target price of $118.33.

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.