Beaconlight Capital LLC Sells 15,780 Shares of Vicor Corporation $VICR

Beaconlight Capital LLC cut its stake in Vicor Corporation (NASDAQ:VICR) by 53.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,477 shares of the electronics maker’s stock after selling 15,780 shares during the period. Vicor accounts for 1.2% of Beaconlight Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Beaconlight Capital LLC’s holdings in Vicor were worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Vicor Stock Performance

Shares of VICR stock opened at $211.01 on Friday. The company has a market capitalization of $9.62 billion, a P/E ratio of 67.63 and a beta of 2.33. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $382.65. The stock has a 50 day moving average price of $292.07 and a two-hundred day moving average price of $224.17.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities analysts predict that Vicor Corporation will post 3.12 earnings per share for the current year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 369,647 shares of company stock valued at $117,743,305 in the last 90 days. 28.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Capital raised their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum boosted their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Needham & Company LLC decreased their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $381.67.

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.