Northern Trust Corp Reduces Holdings in 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 decreased its position in shares of 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 and Exchange Commission. The firm 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 quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Vicor during the 1st quarter worth approximately $661,000. Public Sector Pension Investment Board raised its stake in Vicor by 26.9% during the 1st quarter. Public Sector Pension Investment Board now owns 73,086 shares of the electronics maker's stock worth $3,419,000 after acquiring an additional 15,476 shares during the period. Nuveen LLC bought a new stake in Vicor during the 1st quarter worth approximately $8,024,000. Virtu Financial LLC bought a new stake in Vicor during the 1st quarter worth approximately $247,000. Finally, Invesco Ltd. raised its stake in Vicor by 7.7% during the 1st quarter. Invesco Ltd. now owns 64,649 shares of the electronics maker's stock worth $3,024,000 after acquiring an additional 4,621 shares during the period. Institutional investors own 47.45% of the company's stock.

Vicor Trading Up 1.9%

Shares of VICR stock traded up $0.97 on Wednesday, reaching $51.03. The company's stock had a trading volume of 8,643 shares, compared to its average volume of 296,628. The stock's fifty day simple moving average is $47.89 and its 200-day simple moving average is $47.80. Vicor Corporation has a 1 year low of $34.68 and a 1 year high of $65.70. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 34.95 and a beta of 1.76.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICR. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $43.00.

Insider Buying and Selling at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the firm's stock in a transaction on 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. This trade represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.