Northern Trust Corp Sells 5,554 Shares of Vicor Corporation $VICR

Key Points

• Northern Trust Corp reduced its stake in Vicor Corporation by 2.2% in Q1, owning 244,163 shares valued at approximately $11.42 million as of the latest SEC disclosure.
• Vicor reported earnings of $0.91 per share for the quarter, significantly exceeding analyst expectations of $0.18, and experienced a 64.3% year-over-year revenue increase.
• As of now, 47.45% of Vicor's stock is held by institutional investors, indicating strong institutional interest in the company.

Northern Trust Corp lessened its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244,163 shares of the electronics maker's stock after selling 5,554 shares during the period. Northern Trust Corp owned 0.54% of Vicor worth $11,422,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Chapin Davis Inc. grew its holdings in Vicor by 265.0% in the 1st quarter. Chapin Davis Inc. now owns 36,500 shares of the electronics maker's stock worth $1,707,000 after acquiring an additional 26,500 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Vicor by 184.1% during the 4th quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock valued at $8,214,000 after purchasing an additional 110,162 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vicor by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock valued at $5,375,000 after purchasing an additional 2,766 shares in the last quarter. Nuveen LLC bought a new stake in shares of Vicor during the 1st quarter valued at about $8,024,000. Finally, Deutsche Bank AG boosted its stake in shares of Vicor by 125.4% during the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock valued at $1,384,000 after purchasing an additional 15,932 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Vicor Price Performance

NASDAQ:VICR traded up $0.03 during mid-day trading on Wednesday, hitting $50.09. 189,648 shares of the company's stock were exchanged, compared to its average volume of 316,758. Vicor Corporation has a one year low of $34.68 and a one year high of $65.70. The business has a fifty day moving average price of $47.97 and a 200 day moving average price of $47.81. The company has a market cap of $2.25 billion, a PE ratio of 34.31 and a beta of 1.76.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.18 by $0.73. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The business had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Vicor's quarterly revenue was up 64.3% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $43.00.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the transaction, the director directly owned 1,217 shares of the company's stock, valued at approximately $76,671. The trade was a 82.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.30% of the company's stock.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.