Mitsubishi UFJ Trust & Banking Corp Makes New $437,000 Investment in Vicor Corporation $VICR

Key Points

• Mitsubishi UFJ Trust & Banking opened a new position in Vicor, buying 3,984 shares in Q4 valued at about $437,000.
• Significant insider selling: CEO Patrizio Vinciarelli sold 50,000 shares for ~$10.08 million and insiders have sold 705,598 shares (~$132.78 million) in the past three months, while insiders still own 31.30% of the company.
• Operational and market momentum: Vicor beat quarterly estimates (EPS $0.44 vs. $0.40; revenue $112.97M, +20.2% YoY), shares jumped ~5.4% to about $280 and trade near their 12‑month high despite a consensus analyst target of $198.33.

Mitsubishi UFJ Trust & Banking Corp bought a new position in Vicor Corporation (NASDAQ:VICR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,984 shares of the electronics maker's stock, valued at approximately $437,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock worth $277,785,000 after purchasing an additional 60,963 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock worth $28,759,000 after purchasing an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after acquiring an additional 254,630 shares in the last quarter. Millennium Management LLC boosted its stake in 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 acquiring an additional 259,022 shares in the last quarter. Finally, Colrain Capital LLC boosted its stake in Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker's stock valued at $12,636,000 after acquiring an additional 23,940 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on VICR. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Roth Mkm restated a "buy" rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Finally, Needham & Company LLC raised their target price on shares of Vicor from $180.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $198.33.

Insider Activity

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the completion of the transaction, the chief executive officer owned 9,608,163 shares of the company's stock, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 705,598 shares of company stock valued at $132,783,202 over the last three months. Company insiders own 31.30% of the company's stock.

Vicor Stock Up 5.4%

Shares of VICR opened at $280.34 on Thursday. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 93.76 and a beta of 2.33. Vicor Corporation has a twelve month low of $40.27 and a twelve month high of $293.95. The company has a 50 day moving average of $197.74 and a two-hundred day moving average of $145.77.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analysts' expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. On average, sell-side analysts expect that Vicor Corporation will post 2.71 EPS for the current year.

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.

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