Jupiter Topco LLC Makes New Investment in Vicor Corporation $VICR

Key Points

• Jupiter Topco LLC acquired 10,360 Vicor shares worth approximately $3.9 million in the second quarter. BlackRock also initiated a sizable position valued at about $934.6 million, while institutional investors collectively own 47.45% of the stock.
• Vicor reported quarterly EPS of $1.04, exceeding the $0.65 consensus estimate, while revenue rose 49.3% year over year to $143.35 million. Analysts forecast full-year EPS of approximately $3.12.
• Vicor has a “Moderate Buy” consensus rating with an average price target of $381.67, despite recent target and rating downgrades. CEO Patrizio Vinciarelli sold 20,000 shares, and insiders have sold roughly $82.9 million of stock over the past 90 days.

Jupiter Topco LLC acquired a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,360 shares of the electronics maker's stock, valued at approximately $3,934,000.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Vicor in the 2nd quarter valued at about $934,612,000. Convergence Investment Partners LLC acquired a new stake in Vicor during the fourth quarter worth approximately $1,631,000. Maxi Investments CY Ltd bought a new stake in shares of Vicor during the second quarter worth approximately $2,089,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock worth $97,142,000 after acquiring an additional 171,175 shares during the period. Finally, Strs Ohio grew its position in shares of Vicor by 128.6% in the fourth quarter. Strs Ohio now owns 9,600 shares of the electronics maker's stock valued at $1,052,000 after purchasing an additional 5,400 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Vicor Stock Performance

VICR opened at $175.99 on Wednesday. The firm has a market cap of $8.11 billion, a P/E ratio of 56.41 and a beta of 2.35. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65. The business's fifty day moving average is $240.18 and its 200-day moving average is $235.43.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly 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. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Vicor's revenue for the quarter was up 49.3% compared to the same quarter last year. On average, research analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total value of $6,591,400.00. Following the completion of the transaction, the chief executive officer directly owned 8,528,090 shares in the company, valued at approximately $2,810,602,621.30. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 257,693 shares of company stock valued at $82,911,376. 28.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VICR. Needham & Company LLC lowered their target price on Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, July 21st. Zacks Research lowered Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Finally, Weiss Ratings downgraded shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 20th. 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, Vicor presently has a consensus rating of "Moderate Buy" and a consensus target price 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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