Sandro Wealth Management LLC Invests $1.16 Million in Vicor Corporation $VICR

Key Points

• Sandro Wealth Management LLC opened a new position in Vicor, purchasing 10,600 shares valued at about $1.16 million in the fourth quarter.
• Vicor reported a Q1 beat with EPS of $0.44 vs. $0.40 and revenue of $112.97M (up 20.2% YoY); the stock trades near its 52‑week high, with a market cap of $12.18B and a PE around 89.8.
• Insiders have been net sellers recently—690,739 shares worth roughly $129M were sold in the past three months, although insiders still own 31.3% of the company.

Sandro Wealth Management LLC purchased a new position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,600 shares of the electronics maker's stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICR. Royal Bank of Canada increased its holdings in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after buying an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after buying an additional 563 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after buying an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after buying an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after buying an additional 3,184 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Stock Performance

Vicor stock opened at $268.52 on Friday. 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 moving average price of $193.65 and a 200 day moving average price of $141.50. The company has a market capitalization of $12.18 billion, a PE ratio of 89.81 and a beta of 1.97.

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

Insider Transactions at Vicor

In other Vicor news, CFO James F. Schmidt sold 1,241 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $277.00, for a total value of $343,757.00. Following the completion of the transaction, the chief financial officer owned 1,241 shares of the company's stock, valued at $343,757. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Alvaro Doyle sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $259.90, for a total transaction of $2,079,200.00. Following the completion of the transaction, the vice president directly owned 42 shares of the company's stock, valued at $10,915.80. This represents a 99.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 690,739 shares of company stock worth $128,975,660 in the last three months. Company insiders own 31.30% of the company's stock.

Wall Street Analyst Weigh In

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

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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