Needham Investment Management LLC Has $62.45 Million Position in Vicor Corporation $VICR

Needham Investment Management LLC lowered its holdings in Vicor Corporation (NASDAQ:VICR) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,775 shares of the electronics maker’s stock after selling 71,675 shares during the quarter. Vicor accounts for about 3.9% of Needham Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Needham Investment Management LLC’s holdings in Vicor were worth $62,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada raised its position in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC increased its stake in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after acquiring an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after acquiring an additional 3,184 shares during the period. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Vicor

In other news, VP Claudio Tuozzolo sold 730 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $292.89, for a total value of $213,809.70. Following the transaction, the vice president directly owned 13,240 shares of the company’s stock, valued at approximately $3,877,863.60. This represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Philip D. Davies sold 3,072 shares of Vicor stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $321.69, for a total value of $988,231.68. Following the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at $617,644.80. This trade represents a 61.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 504,175 shares of company stock worth $117,108,774 in the last 90 days. 28.30% of the stock is owned by insiders.

Vicor Stock Performance

NASDAQ VICR opened at $322.41 on Tuesday. The company’s 50-day simple moving average is $262.28 and its two-hundred day simple moving average is $186.80. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 107.83 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the business earned $0.06 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that Vicor Corporation will post 2.71 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.