EFG International AG Sells 2,616 Shares of Vicor Corporation $VICR

EFG International AG cut its position in shares of Vicor Corporation (NASDAQ:VICR) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,397 shares of the electronics maker’s stock after selling 2,616 shares during the period. EFG International AG’s holdings in Vicor were worth $5,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICR. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth approximately $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP lifted its position in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 324 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of Vicor during the 4th quarter worth approximately $36,000. Institutional investors own 47.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the completion of the sale, the chief executive officer owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 305,765 shares of company stock worth $98,892,357. 28.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Vicor Trading Up 2.4%

Vicor stock opened at $194.62 on Wednesday. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 62.38 and a beta of 2.37. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65. The stock’s 50 day moving average is $254.93 and its 200-day moving average is $234.25.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

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.