Vicor Corporation $VICR Holdings Boosted by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its Vicor stake by 796.8% in the second quarter, ending with 70,523 shares worth approximately $26.4 million. Institutional investors collectively own 47.45% of the company.
• CEO Patrizio Vinciarelli sold 20,000 shares for about $5.6 million under a pre-arranged Rule 10b5-1 plan; insiders sold approximately $92.1 million in stock during the quarter.
• Vicor exceeded quarterly expectations, reporting $1.04 in EPS versus the $0.65 consensus and $143.35 million in revenue, up 49.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $381.67.

Hsbc Holdings PLC raised its position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 796.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,523 shares of the electronics maker's stock after purchasing an additional 62,659 shares during the quarter. Hsbc Holdings PLC owned 0.15% of Vicor worth $26,366,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American Trust acquired a new stake in shares of Vicor in the second quarter worth $228,000. Jones Financial Companies Lllp raised its position in Vicor by 59.1% during the second quarter. Jones Financial Companies Lllp now owns 5,419 shares of the electronics maker's stock valued at $2,058,000 after buying an additional 2,012 shares during the period. Algert Global LLC lifted its stake in Vicor by 100.8% in the 2nd quarter. Algert Global LLC now owns 44,930 shares of the electronics maker's stock worth $17,064,000 after acquiring an additional 22,559 shares in the last quarter. Maxi Investments CY Ltd purchased a new stake in Vicor in the 2nd quarter worth about $2,089,000. Finally, Sanctuary Advisors LLC acquired a new stake in Vicor during the 2nd quarter worth about $278,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00. Following the completion of the sale, the chief executive officer owned 8,628,090 shares of the company's stock, valued at approximately $2,411,551,155. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 285,765 shares of company stock worth $92,050,357. 28.30% of the stock is currently owned by company insiders.

Vicor Stock Performance

NASDAQ:VICR opened at $203.64 on Friday. The company has a market capitalization of $9.39 billion, a P/E ratio of 65.27 and a beta of 2.37. The stock's 50 day moving average price is $249.81 and its 200 day moving average price is $234.91. Vicor Corporation has a 52 week low of $47.56 and a 52 week high of $382.65.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analysts' expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company's revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, sell-side analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VICR. Craig Hallum upped their price objective on shares of Vicor to $450.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Weiss Ratings lowered shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Roth Capital boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Needham & Company LLC dropped their price target on shares of Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, July 21st. Finally, Zacks Research cut Vicor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $381.67.

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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