Venture Visionary Partners LLC Buys New Holdings in Vicor Corporation $VICR

Key Points

• Venture Visionary Partners purchased 10,338 Vicor shares worth approximately $2.99 million in the third quarter, while institutional investors and hedge funds collectively own 47.45% of the stock.
• Vicor’s latest quarterly results exceeded expectations, with earnings per share of $1.04 versus a $0.65 consensus estimate and revenue rising 49.3% year over year to $143.35 million.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $391.67 price target; however, insiders sold 27,053 shares worth about $7.75 million over the past 90 days.

Venture Visionary Partners LLC purchased a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 10,338 shares of the electronics maker's stock, valued at approximately $2,987,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Andar Capital Management HK Ltd acquired a new position in Vicor in the second quarter worth $101,100,000. BlackRock Inc. acquired a new stake in shares of Vicor during the second quarter worth $934,612,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock worth $86,340,000 after buying an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Vicor in the 2nd quarter worth about $53,161,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philip D. Davies sold 3,073 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,053 shares of company stock valued at $7,745,984 in the last ninety days. Company insiders own 28.30% of the company's stock.

Vicor Stock Performance

VICR stock opened at $282.78 on Thursday. Vicor Corporation has a 1 year low of $48.53 and a 1 year high of $382.65. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 90.63 and a beta of 2.37. The stock's fifty day moving average is $225.28 and its two-hundred day moving average is $246.13.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company's quarterly revenue was up 49.3% on a year-over-year basis. As a group, analysts predict that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VICR. Roth Capital reaffirmed a "buy" rating and set a $375.00 price objective on shares of Vicor in a research report on Tuesday, September 22nd. Craig Hallum raised their target price on shares of Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Weiss Ratings downgraded Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 18th. Needham & Company LLC lifted their target price on Vicor from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Finally, Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $391.67.

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company's product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor's Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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