Colrain Capital LLC Decreases Position in Vicor Corporation $VICR

Colrain Capital LLC trimmed its position in shares of Vicor Corporation (NASDAQ:VICR) by 11.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 226,260 shares of the electronics maker’s stock after selling 27,880 shares during the quarter. Vicor accounts for approximately 13.6% of Colrain Capital LLC’s investment portfolio, making the stock its largest holding. Colrain Capital LLC’s holdings in Vicor were worth $24,798,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VICR. Millennium Management LLC grew its stake in Vicor by 4,634.5% during the first 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Vicor during the third quarter worth about $12,625,000. UBS Group AG lifted its position in shares of Vicor by 643.6% during the third quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock worth $5,175,000 after purchasing an additional 90,079 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Vicor by 172.2% during the third quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock worth $4,891,000 after purchasing an additional 62,233 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer directly 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,619 shares of company stock valued at $127,492,026 in the last quarter. Corporate insiders own 31.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VICR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $228.33.

Vicor Price Performance

Shares of NASDAQ VICR opened at $298.06 on Friday. The company’s 50 day simple moving average is $256.03 and its 200 day simple moving average is $183.63. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89. The firm has a market capitalization of $13.59 billion, a P/E ratio of 99.69 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $109.05 million. During the same period in the prior year, the business posted $0.06 earnings per share. Vicor’s revenue was up 20.2% compared to the same quarter last year. 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.