Bayban Acquires New Stake in Vicor Corporation $VICR

Bayban acquired a new stake in Vicor Corporation (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,100 shares of the electronics maker’s stock, valued at approximately $778,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICR. Federated Hermes Inc. bought a new stake in shares of Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter worth about $32,000. Allworth Financial LP increased its stake in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares during the period. SBI Securities Co. Ltd. increased its stake in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vicor during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the transaction, the chief executive officer directly owned 8,895,090 shares of the company’s stock, valued at $1,718,620,338.90. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 470,099 shares of company stock worth $118,433,183 in the last 90 days. 28.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VICR has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. 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 target on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vicor currently has an average rating of “Buy” and a consensus price target of $228.33.

Vicor Price Performance

Shares of Vicor stock opened at $331.37 on Friday. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm’s 50-day moving average is $275.42 and its two-hundred day moving average is $192.77. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 110.83 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating 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 business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Vicor Corporation will post 2.71 earnings per share for the current year.

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.