Janney Montgomery Scott LLC Invests $761,000 in Vicor Corporation $VICR

by · The Markets Daily

Janney Montgomery Scott LLC bought a new stake in Vicor Corporation (NASDAQ:VICR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,724 shares of the electronics maker’s stock, valued at approximately $761,000.

Several other institutional investors also recently bought and sold shares of VICR. Federated Hermes Inc. bought a new position in Vicor during the 4th quarter worth approximately $27,000. Blue Trust Inc. lifted its position in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. Harbour Investments Inc. purchased a new stake in shares of Vicor during the fourth quarter valued at approximately $32,000. Allworth Financial LP boosted its stake in shares of Vicor by 960.0% during the fourth 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 period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Vicor by 32,400.0% during 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. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Performance

NASDAQ VICR opened at $252.16 on Tuesday. The stock has a market cap of $11.49 billion, a P/E ratio of 84.33 and a beta of 2.33. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $382.65. The stock has a 50 day simple moving average of $300.97 and a two-hundred day simple moving average of $217.23.

Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. Sell-side analysts predict that Vicor Corporation will post 2.94 earnings per share for the current year.

Insider Activity at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the completion of the sale, the director directly owned 200 shares of the company’s stock, valued at approximately $63,906. This represents a 62.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 482,682 shares of company stock worth $141,465,933. 28.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VICR. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. 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 report on Monday, June 22nd. Needham & Company LLC raised their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Craig Hallum boosted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $408.33.

View Our Latest Report on Vicor

About Vicor

(Free Report)

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.

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