Vicor Corporation $VICR Shares Sold by Twin Tree Management LP

Twin Tree Management LP decreased its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 80.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,388 shares of the electronics maker's stock after selling 5,746 shares during the quarter. Twin Tree Management LP's holdings in Vicor were worth $527,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC grew its stake in shares of Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock valued at $56,000 after buying an additional 61 shares in the last quarter. Elevation Wealth Partners LLC acquired a new position in Vicor during the 2nd quarter worth about $76,000. Federated Hermes Inc. purchased a new position in Vicor during the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock valued at $43,000 after acquiring an additional 254 shares during the period. Finally, ROSS JOHNSON & Associates LLC grew its position in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock valued at $45,000 after acquiring an additional 275 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VICR shares. Craig Hallum boosted their price target on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Roth Capital raised their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Weiss Ratings cut shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. Zacks Research downgraded shares of Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Finally, Needham & Company LLC reduced their target price on shares of Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $381.67.

Insiders Place Their Bets

In other Vicor news, VP Philip D. Davies sold 3,072 shares of Vicor stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the completion of the sale, the vice president directly owned 1,920 shares of the company's stock, valued at $406,444.80. The trade was a 61.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrizio Vinciarelli sold 700 shares of the company'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 transaction, the chief executive officer directly owned 8,347,390 shares of the company's stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 313,659 shares of company stock valued at $101,500,682 over the last quarter. Corporate insiders own 28.30% of the company's stock.

Vicor Stock Performance

Shares of VICR opened at $200.54 on Monday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 64.28 and a beta of 2.37. The firm's fifty day simple moving average is $260.09 and its 200-day simple moving average is $233.79. Vicor Corporation has a twelve month low of $46.96 and a twelve month high of $382.65.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.91 earnings per share. On average, analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Vicor 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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