Harbor Investment Advisory LLC Cuts Position in Vicor Corporation $VICR

Harbor Investment Advisory LLC trimmed its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 82.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 6,461 shares of the electronics maker’s stock after selling 29,800 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Vicor were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter valued at $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Vicor News

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the sale, the chief executive officer owned 8,895,090 shares in the company, 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 503,630 shares of company stock valued at $142,197,891 in the last three months. 28.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on VICR shares. Craig Hallum raised their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Roth Mkm raised their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC boosted their price target on Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $408.33.

Vicor Price Performance

Shares of VICR stock opened at $350.21 on Thursday. The firm has a market cap of $15.96 billion, a P/E ratio of 117.13 and a beta of 2.32. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The firm has a fifty day moving average of $299.26 and a two-hundred day moving average of $207.61.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts expect that Vicor Corporation will post 2.94 EPS for the current year.

Vicor Company 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.