The Manufacturers Life Insurance Company Decreases Stake in Vicor Corporation $VICR

The Manufacturers Life Insurance Company reduced its stake in shares of Vicor Corporation (NASDAQ:VICR) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,885 shares of the electronics maker’s stock after selling 72,479 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vicor were worth $201,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VICR. Federated Hermes Inc. purchased a new position in Vicor in the 4th quarter worth $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter valued at about $32,000. Allworth Financial LP grew 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 purchasing an additional 288 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Vicor by 32,400.0% in the fourth 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 during the period. Finally, NBC Securities Inc. purchased a new position in shares of Vicor in the fourth quarter worth about $36,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Performance

Shares of VICR opened at $189.99 on Tuesday. The business’s 50-day moving average is $257.44 and its two-hundred day moving average is $233.95. The company has a market capitalization of $8.76 billion, a P/E ratio of 60.89 and a beta of 2.37. Vicor Corporation has a fifty-two week low of $47.56 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. Analysts forecast that Vicor Corporation will post 3.12 EPS for the current year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00. Following the completion of the transaction, the chief executive officer directly owned 8,608,090 shares of the company’s stock, valued at approximately $2,624,348,398.30. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 306,088 shares of company stock worth $99,007,022 in the last three months. 28.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VICR shares. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a 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. Roth Capital raised their price target 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. Needham & Company LLC decreased their price objective 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. Finally, Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vicor currently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

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.