Summit Global Investments Makes New $1.05 Million Investment in Vicor Corporation $VICR

Summit Global Investments purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 21,127 shares of the electronics maker’s stock, valued at approximately $1,050,000.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Strs Ohio purchased a new position in shares of Vicor during the 1st quarter valued at about $56,000. Tower Research Capital LLC TRC grew its stake in shares of Vicor by 993.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 3,436 shares during the period. Creative Planning bought a new position in shares of Vicor during the 2nd quarter valued at approximately $235,000. Finally, Quantbot Technologies LP purchased a new stake in Vicor in the 2nd quarter worth approximately $251,000. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In other news, Director Andrew D’amico sold 200 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $155.00, for a total transaction of $31,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at approximately $1,110,225,520.68. This trade represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 147,588 shares of company stock worth $15,614,636. Corporate insiders own 31.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VICR. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded Vicor to a “hold” rating in a research note on Tuesday, December 16th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 22nd. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $157.67 on Friday. The company has a market cap of $7.04 billion, a P/E ratio of 86.16 and a beta of 1.90. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $174.80. The firm’s fifty day moving average is $120.41 and its two-hundred day moving average is $80.79.

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.