Jupiter Topco LLC Buys Shares of 10,360 Vicor Corporation $VICR

Jupiter Topco LLC bought a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,360 shares of the electronics maker’s stock, valued at approximately $3,934,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carolina Wealth Advisors LLC increased its position in Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares in the last quarter. Elevation Wealth Partners LLC bought a new stake in shares of Vicor during the second quarter worth $76,000. Federated Hermes Inc. bought a new stake in shares of Vicor during the fourth quarter worth $27,000. Blue Trust Inc. increased its holdings in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares in the last quarter. Finally, ROSS JOHNSON & Associates LLC lifted its stake in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Activity

In other Vicor news, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $319.53, for a total transaction of $105,764.43. Following the completion of the transaction, the director owned 200 shares in the company, valued at approximately $63,906. This trade represents a 62.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrizio Vinciarelli sold 700 shares of the business’s 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 completion of the transaction, the chief executive officer owned 8,347,390 shares in the company, valued at $2,524,250,736. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 257,693 shares of company stock worth $82,911,376. 28.30% of the stock is owned by company insiders.

Vicor Trading Down 6.2%

Shares of VICR opened at $175.99 on Wednesday. The stock’s 50-day moving average price is $240.18 and its two-hundred day moving average price is $235.43. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65. The company has a market capitalization of $8.11 billion, a PE ratio of 56.41 and a beta of 2.35.

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

Analysts Set New Price Targets

VICR has been the topic of several recent research reports. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Craig Hallum increased their target price on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC cut their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the company 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $381.67.

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.