139,978 Shares in Vicor Corporation $VICR Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,978 shares of the electronics maker's stock, valued at approximately $53,161,000. Bank of New York Mellon Corp owned approximately 0.31% of Vicor at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VICR. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new position in Vicor in the 4th quarter valued at $32,000. Allworth Financial LP grew its stake in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after buying an additional 288 shares during the last quarter. NBC Securities Inc. bought a new position in Vicor in the 4th quarter worth $36,000. Finally, SBI Securities Co. Ltd. raised its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after acquiring an additional 324 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vicor

In other Vicor news, Director Andrew D'amico sold 331 shares of the business's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $319.53, for a total value of $105,764.43. Following the sale, the director owned 200 shares of the company's stock, valued at $63,906. The trade was a 62.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director owned 908 shares of the company's stock, valued at approximately $227,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 285,765 shares of company stock worth $92,050,357 over the last three months. 28.30% of the stock is currently owned by corporate insiders.

Vicor Trading Up 3.3%

Shares of NASDAQ:VICR opened at $203.64 on Friday. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65. The firm has a market capitalization of $9.39 billion, a PE ratio of 65.27 and a beta of 2.37. The business's 50 day moving average is $249.81 and its 200-day moving average is $234.91.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analysts' expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor's quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. On average, sell-side analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

VICR has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Roth Capital lifted their price objective on Vicor from $285.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Needham & Company LLC decreased their target price on Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Finally, Zacks Research lowered Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vicor currently has a consensus rating of "Moderate Buy" and an average price target of $381.67.

Vicor Company 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.

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