7,813 Shares in Vicor Corporation $VICR Acquired by Westpac Banking Corp

Westpac Banking Corp bought a new position in shares of Vicor Corporation (NASDAQ:VICR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,813 shares of the electronics maker’s stock, valued at approximately $1,258,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, Arosa Capital Management LP bought a new position in Vicor during the 4th quarter worth $14,796,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew D’amico sold 331 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the transaction, the director owned 200 shares in the company, valued at $63,906. The trade was a 62.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 384,682 shares of company stock worth $121,820,633. Company insiders own 28.30% of the company’s stock.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor beat Q2 expectations, reporting $1.04 EPS versus consensus around $0.62-$0.65 and $143.4 million in revenue, also ahead of estimates. The company said AI-related demand helped drive a record $380 million backlog, up sharply from the prior quarter, which supports future sales visibility. Article Title
• Positive Sentiment: Management highlighted rising demand from high-performance computing, AI OEMs, industrial, aerospace and defense customers, and said it is preparing for a possible second chip fab to expand capacity. That suggests management sees sustained demand beyond the current quarter. Article Title
• Positive Sentiment: The quarter also showed improved profitability and cash generation, with net income of $49.8 million and cash from operations of $34.0 million, while cash rose to about $453.6 million. Analysts also reiterated bullish views, including a Buy rating and a $320 target from Needham. Article Title
• Neutral Sentiment: Vicor’s operating expenses increased and gross margin was below last year’s comparison, but the year-ago period included a large patent settlement, making the comparison less meaningful. Article Title
• Negative Sentiment: Despite the earnings beat, the stock faced pressure because the company’s Q3 revenue guidance came in well below Wall Street expectations, raising concerns that near-term growth may slow after this quarter’s strong results. Article Title

Vicor Trading Up 1.2%

Shares of Vicor stock opened at $217.35 on Thursday. The business has a 50-day moving average price of $294.50 and a two-hundred day moving average price of $223.46. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The company has a market cap of $9.91 billion, a P/E ratio of 69.66 and a beta of 2.33.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Equities research analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

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.