State Street Corp Sells 85,596 Shares of Vicor Corporation $VICR

Key Points

• State Street reduced its Vicor stake by 10.5%, selling 85,596 shares and retaining 726,021 shares valued at approximately $275.7 million. Institutional investors collectively own 47.45% of Vicor.
• Other major investors increased exposure, including BlackRock and Andar Capital, which established new positions, while Manufacturers Life Insurance and Arrowstreet Capital expanded their holdings.
• Vicor reported stronger-than-expected quarterly results, with EPS of $1.04 and revenue of $143.35 million, up 49.3% year over year. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $381.67, although the stock’s high valuation and recent insider selling present risks.

State Street Corp decreased its holdings in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,021 shares of the electronics maker's stock after selling 85,596 shares during the quarter. State Street Corp owned 1.57% of Vicor worth $275,728,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VICR. BlackRock Inc. bought a new position in shares of Vicor in the 2nd quarter worth $934,612,000. Andar Capital Management HK Ltd purchased a new position in Vicor in the second quarter worth $101,100,000. The Manufacturers Life Insurance Company grew its position in Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock worth $97,142,000 after acquiring an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 43.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock valued at $86,340,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Vicor during the second quarter valued at about $53,161,000. 47.45% of the stock is currently owned by institutional investors.

Vicor Trading Up 5.5%

NASDAQ VICR opened at $283.16 on Thursday. The firm has a market cap of $13.06 billion, a PE ratio of 90.76 and a beta of 2.35. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65. The stock has a 50-day moving average of $209.82 and a 200-day moving average of $238.13.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same period last year, the company earned $0.91 EPS. Vicor's revenue for the quarter was up 49.3% compared to the same quarter last year. As a group, equities research analysts forecast that Vicor Corporation will post 3.64 earnings per share for the current fiscal year.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares in the company, valued at approximately $341,184. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the sale, the chief executive officer directly owned 8,347,390 shares in the company, valued at $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 91,157 shares of company stock valued at $30,270,191. 28.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VICR has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price target on shares of Vicor in a research note on Tuesday. Weiss Ratings downgraded Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Roth Capital reaffirmed a "buy" rating and issued a $375.00 target price on shares of Vicor in a research note on Tuesday. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, Zacks Research downgraded shares of Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Vicor currently has an average rating of "Moderate Buy" and an average price target of $381.67.

More Vicor News

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Higher third-quarter guidance was the primary catalyst. Vicor raised its Q3 growth outlook to more than 20%, prompting a sharp premarket and after-hours reaction. The improved outlook suggests stronger demand for the company’s power-conversion products and was subsequently described as an upgrade to its growth and royalty-income forecast. Why Vicor Shares Are Trading Higher
• Positive Sentiment: AI customer and licensing activity is strengthening the long-term growth narrative. Vicor licensed its Vertical Power Delivery patents to another AI-system manufacturer. The arrangement could generate royalties and may also lead the customer to purchase Vicor modules, supporting potentially higher-margin recurring income as AI infrastructure demand expands. Vicor Licenses Power Patents to AI System Maker
• Positive Sentiment: Analyst sentiment remains supportive. Roth MKM and Needham reiterated Buy ratings, with reported price targets of $375 and $320, respectively. Analysts have also been raising earnings estimates, reinforcing expectations that the guidance increase could translate into stronger financial results. Analysts Are Bullish on Vicor
• Neutral Sentiment: Broader market conditions are favorable but add limited company-specific information. The Nasdaq 100 was testing records as the AI trade continued to lead technology stocks, providing a supportive backdrop for VICR.
• Negative Sentiment: Momentum and valuation risks are notable. Benzinga flagged Vicor’s overbought relative-strength reading, while the stock’s high earnings multiple leaves less room for disappointment if AI demand, licensing revenue or execution falls short of expectations. Industrials Stocks With Overbought RSI Readings

About Vicor

Vicor Corporation NASDAQ: VICR designs, manufactures and markets modular power components and power systems. The company's products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor's Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.

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