150,987 Vicor Corporation $VICR Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 1,161,438.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,000 shares of the electronics maker’s stock after acquiring an additional 150,987 shares during the period. International Assets Investment Management LLC owned approximately 0.33% of Vicor worth $43,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICR. Andar Capital Management HK Ltd bought a new stake in shares of Vicor in the second quarter worth about $101,100,000. BlackRock Inc. acquired a new position in shares of Vicor in the 2nd quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 39.6% in 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 purchasing an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, First Trust Advisors LP increased its stake in Vicor by 23.5% during the 1st quarter. First Trust Advisors LP now owns 163,953 shares of the electronics maker’s stock worth $26,396,000 after purchasing an additional 31,184 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Stock Performance

NASDAQ:VICR opened at $191.09 on Friday. The company has a market cap of $8.82 billion, a PE ratio of 54.09 and a beta of 2.37. Vicor Corporation has a 52-week low of $80.29 and a 52-week high of $382.65. The stock has a 50-day simple moving average of $224.63 and a 200 day simple moving average of $226.19.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. The business had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. Vicor’s revenue for the quarter was up 78.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. On average, research analysts predict that Vicor Corporation will post 3.94 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the sale, the vice president directly owned 1,920 shares in the company, valued at $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the completion of the sale, the chief executive officer directly owned 8,307,390 shares in the company, valued at approximately $2,626,215,200.70. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,053 shares of company stock worth $7,745,984 over the last ninety days. Insiders own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $350.00 price objective on shares of Vicor in a research report on Tuesday, October 20th. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Roth Capital set a $360.00 price objective on shares of Vicor in a research report on Wednesday, October 21st. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Buy” and a consensus target price of $386.67.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.