Pinnacle Wealth Management Advisory Group LLC Invests $619,000 in Vicor Corporation $VICR

Key Points

• Pinnacle Wealth Management bought a new position in Vicor in Q4, acquiring 5,647 shares valued at about $619,000 according to its Form 13F filing.
• CEO Patrizio Vinciarelli sold 50,000 shares for roughly $10.08 million and insiders have sold 693,812 shares (~$129.8 million) in the last 90 days, while corporate insiders still own about 31.3% of the stock.
• Vicor beat quarterly estimates with $0.44 EPS vs. $0.40 expected and revenue of $112.97M (up 20.2% YoY); the stock has a consensus analyst rating of "Buy" with an average price target of $198.33 and a market cap of $11.39 billion.

Pinnacle Wealth Management Advisory Group LLC bought a new position in Vicor Corporation (NASDAQ:VICR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,647 shares of the electronics maker's stock, valued at approximately $619,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Vicor in the 4th quarter worth about $36,000. First PREMIER Bank bought a new stake in shares of Vicor in the 4th quarter worth about $55,000. GoalVest Advisory LLC bought a new stake in shares of Vicor in the 4th quarter worth about $57,000. Nisa Investment Advisors LLC increased its position in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Vicor in the 4th quarter worth about $102,000. Institutional investors own 47.45% of the company's stock.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,936,429,171.02. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 693,812 shares of company stock valued at $129,802,512. 31.30% of the stock is currently owned by corporate insiders.

Vicor Stock Down 6.5%

Shares of NASDAQ:VICR opened at $251.02 on Tuesday. Vicor Corporation has a fifty-two week low of $39.64 and a fifty-two week high of $293.95. The firm has a 50-day simple moving average of $193.65 and a 200 day simple moving average of $142.75. The company has a market cap of $11.39 billion, a PE ratio of 83.95 and a beta of 2.33.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, research analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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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