UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Vicor Corporation $VICR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 29.8% during the second quarter, HoldingsChannel.com reports. The fund owned 51,121 shares of the electronics maker’s stock after buying an additional 11,733 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vicor were worth $19,415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new stake in Vicor in the 2nd quarter valued at about $101,100,000. BlackRock Inc. acquired a new position in shares of Vicor during the 2nd quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after purchasing an additional 413,038 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on VICR. Needham & Company LLC cut their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Craig Hallum upped their target price on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Capital raised their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Stock Performance

VICR opened at $188.55 on Friday. Vicor Corporation has a one year low of $47.56 and a one year high of $382.65. The stock has a market capitalization of $8.69 billion, a PE ratio of 60.43 and a beta of 2.35. The business’s 50 day moving average price is $231.54 and its 200 day moving average price is $235.38.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, equities research analysts forecast that Vicor Corporation will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $360.94, for a total transaction of $7,218,800.00. Following the completion of the sale, the chief executive officer directly owned 8,488,090 shares in the company, valued at $3,063,691,204.60. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 238,266 shares of company stock worth $76,514,148 over the last ninety days. Company insiders own 28.30% of the company’s stock.

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.