Cibc World Market Inc. Trims Stake in Vicor Corporation $VICR

Cibc World Market Inc. lowered its position in Vicor Corporation (NASDAQ:VICR) by 38.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,987 shares of the electronics maker’s stock after selling 28,113 shares during the period. Cibc World Market Inc.’s holdings in Vicor were worth $17,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Andar Capital Management HK Ltd bought a new position in shares of Vicor during the second quarter valued at approximately $101,100,000. Vanguard Group Inc. lifted its stake in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after acquiring an additional 60,963 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Vicor during the 2nd quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Down 5.3%

Shares of NASDAQ VICR opened at $189.99 on Tuesday. Vicor Corporation has a twelve month low of $47.56 and a twelve month high of $382.65. The firm has a market cap of $8.76 billion, a PE ratio of 60.89 and a beta of 2.37. The business has a fifty day simple moving average of $257.44 and a two-hundred day simple moving average of $233.95.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results 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 business had revenue of $143.35 million for the quarter, compared to the consensus estimate 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 company earned $0.91 EPS. On average, research analysts expect that Vicor Corporation will post 3.12 earnings per share for the current year.

Analysts Set New Price Targets

VICR has been the topic of a number of recent analyst reports. Craig Hallum increased their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lowered their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 700 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the sale, the chief executive officer owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the sale, the director directly owned 908 shares of the company’s stock, valued at $227,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 306,088 shares of company stock valued at $99,007,022 in the last ninety days. 28.30% of the stock is owned by insiders.

About Vicor

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.