UBS Group AG Lowers Stock Position in Vicor Corporation $VICR

UBS Group AG lowered its position in Vicor Corporation (NASDAQ:VICR) by 45.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 56,848 shares of the electronics maker’s stock after selling 47,228 shares during the period. UBS Group AG’s holdings in Vicor were worth $6,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC increased its holdings 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 increased its holdings 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. purchased a new stake in Vicor during the third quarter worth about $12,625,000. Qube Research & Technologies Ltd increased its holdings in 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 buying an additional 62,233 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after buying an additional 60,963 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Down 2.2%

VICR stock opened at $243.43 on Wednesday. The firm has a 50 day moving average of $212.46 and a 200-day moving average of $158.22. Vicor Corporation has a 12 month low of $40.54 and a 12 month high of $316.82. The firm has a market capitalization of $11.10 billion, a P/E ratio of 81.41 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the business earned $0.06 earnings per share. Vicor’s revenue was up 20.2% compared to the same quarter last year. Sell-side analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,608,163 shares in the company, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 748,666 shares of company stock valued at $145,530,238 in the last three months. 31.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VICR. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. 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 increased their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. 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 given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and an average target price of $198.33.

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.