Vanguard Group Inc. Has $116.85 Million Stock Holdings in Vicor Corporation $VICR

Key Points

• Vanguard Group Inc. reduced its stake in Vicor Corporation by 1.2%, owning approximately 5.53% of the company, worth about $116.8 million after selling 31,599 shares in the first quarter.
• In recent quarters, several institutional investors increased their holdings in Vicor, with Manchester Capital Management LLC boosting its position by 76.8% during the same period.
• Vicor's stock received a consensus rating of "Buy" following upgrades by analysts, while the company reported a 64.3% year-over-year revenue increase, reaching $141.05 million in its most recent earnings.

Vanguard Group Inc. cut its stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,497,849 shares of the electronics maker's stock after selling 31,599 shares during the period. Vanguard Group Inc. owned about 5.53% of Vicor worth $116,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Vicor in the first quarter worth approximately $26,000. Manchester Capital Management LLC grew its position in Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. KBC Group NV bought a new stake in Vicor in the first quarter worth approximately $57,000. CWM LLC grew its position in Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after acquiring an additional 802 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Vicor in the fourth quarter worth approximately $232,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Andrew D'amico sold 5,813 shares of the 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 owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 31.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $43.00.

Vicor Trading Down 1.2%

NASDAQ:VICR traded down $0.61 during trading hours on Wednesday, hitting $50.91. 7,568 shares of the company traded hands, compared to its average volume of 296,345. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The firm has a 50-day moving average of $46.77 and a 200 day moving average of $47.83.

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

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.