First Trust Advisors LP Purchases 31,184 Shares of Vicor Corporation $VICR

First Trust Advisors LP lifted its position in shares of Vicor Corporation (NASDAQ:VICR) by 23.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 163,953 shares of the electronics maker’s stock after purchasing an additional 31,184 shares during the quarter. First Trust Advisors LP’s holdings in Vicor were worth $26,396,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after buying an additional 68 shares during the last quarter. ProShare Advisors LLC boosted its position in Vicor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 74 shares during the last quarter. Bouvel Investment Partners LLC boosted its position in Vicor by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after acquiring an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after acquiring an additional 90 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the sale, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 367,606 shares of company stock worth $117,177,948 in the last 90 days. 28.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on VICR. 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 research report on Thursday, July 23rd. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC cut their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Finally, Roth Capital increased their price objective 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Stock Down 6.9%

VICR stock opened at $192.12 on Wednesday. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 61.58 and a beta of 2.33. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $382.65. The business has a 50 day moving average price of $290.19 and a two-hundred day moving average price of $225.66.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The company had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. On average, equities research analysts anticipate that Vicor Corporation will post 3.12 EPS for the current fiscal 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.