Ariose Capital Management Ltd Invests $11.72 Million in Vicor Corporation $VICR

Ariose Capital Management Ltd acquired a new stake in Vicor Corporation (NASDAQ:VICR) in the 1st quarter, HoldingsChannel reports. The fund acquired 72,788 shares of the electronics maker’s stock, valued at approximately $11,719,000. Vicor accounts for 7.9% of Ariose Capital Management Ltd’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after buying an additional 563 shares in the last quarter. Millennium Management LLC grew its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after acquiring an additional 3,184 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VICR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Mkm upped their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC increased their price target on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Craig Hallum lifted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $408.33.

Vicor Stock Performance

Vicor stock opened at $282.95 on Friday. The company has a fifty day simple moving average of $300.36 and a 200-day simple moving average of $209.43. The stock has a market cap of $12.90 billion, a P/E ratio of 94.63 and a beta of 2.33. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insider Activity at Vicor

In related news, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the transaction, the director owned 200 shares in the company, valued at $63,906. This trade represents a 62.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total transaction of $7,500,800.00. Following the completion of the transaction, the chief executive officer directly owned 8,388,090 shares in the company, valued at $3,145,869,273.60. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 503,630 shares of company stock valued at $142,197,891 in the last three months. 28.30% of the stock is currently owned by company insiders.

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.