Vicor Corporation $VICR Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC cut its stake in Vicor Corporation (NASDAQ:VICR) by 12.0% in the fourth quarter, Holdings Channel reports. The firm owned 25,600 shares of the electronics maker’s stock after selling 3,500 shares during the period. Manatuck Hill Partners LLC’s holdings in Vicor were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in Vicor during the 4th quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new stake in Vicor during the 4th quarter valued at approximately $32,000. Allworth Financial LP lifted its stake in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. lifted its stake in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Vicor during the 4th quarter valued at approximately $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

NASDAQ:VICR opened at $325.17 on Thursday. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 108.75 and a beta of 2.36. The company has a 50 day moving average price of $268.96 and a 200-day moving average price of $190.09. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on VICR shares. Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC lifted their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $228.33.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the transaction, the chief executive officer directly owned 8,895,090 shares of the company’s stock, valued at $1,718,620,338.90. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 494,175 shares of company stock worth $119,770,174. 28.30% of the stock is owned by insiders.

About Vicor

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.