Hsbc Holdings PLC Raises Holdings in Vicor Corporation $VICR

Hsbc Holdings PLC increased its stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 796.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,523 shares of the electronics maker's stock after purchasing an additional 62,659 shares during the period. Hsbc Holdings PLC owned 0.15% of Vicor worth $26,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after acquiring an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 purchasing an additional 563 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of 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 purchasing an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock valued at $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VICR. Craig Hallum raised their price target on Vicor to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Roth Capital upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 3rd. Needham & Company LLC decreased their target price on shares of Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $381.67.

Vicor Stock Up 2.5%

Shares of VICR stock opened at $193.32 on Wednesday. Vicor Corporation has a fifty-two week low of $47.56 and a fifty-two week high of $382.65. The firm's 50 day moving average price is $224.25 and its two-hundred day moving average price is $236.43. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 61.96 and a beta of 2.35.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 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 the consensus estimate of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business's revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. On average, equities analysts forecast that Vicor Corporation will post 3.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $326.44, for a total value of $6,528,800.00. Following the completion of the sale, the chief executive officer owned 8,448,090 shares of the company's stock, valued at $2,757,794,499.60. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 198,266 shares of company stock valued at $65,505,548 over the last 90 days. Company insiders own 28.30% of the company's stock.

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.

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