Los Angeles Capital Management LLC Invests $1.24 Million in Vicor Corporation $VICR

Los Angeles Capital Management LLC acquired a new stake in Vicor Corporation (NASDAQ:VICR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,318 shares of the electronics maker’s stock, valued at approximately $1,240,000.

Other large investors have also added to or reduced their stakes in the company. Cibc World Market Inc. bought a new stake in Vicor during the 4th quarter worth approximately $383,000. CIBC Asset Management Inc bought a new position in shares of Vicor during the fourth quarter valued at $207,000. Andar Capital Management HK Ltd bought a new position in shares of Vicor during the fourth quarter valued at $3,507,000. Intech Investment Management LLC lifted its holdings in shares of Vicor by 31.2% during the fourth quarter. Intech Investment Management LLC now owns 39,091 shares of the electronics maker’s stock worth $4,284,000 after purchasing an additional 9,305 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Vicor during the fourth quarter worth $509,000. Institutional investors own 47.45% of the company’s stock.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 8,895,090 shares of the company’s stock, valued at $1,718,620,338.90. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 542,619 shares of company stock worth $122,250,026. 31.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and issued a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Needham & Company LLC upped their target price on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $228.33.

Vicor Price Performance

Shares of Vicor stock opened at $275.51 on Thursday. The stock’s 50-day moving average is $253.29 and its 200 day moving average is $182.13. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 92.14 and a beta of 2.36.

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