TrueMark Investments LLC Takes Position in Vicor Corporation $VICR

TrueMark Investments LLC bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,505 shares of the electronics maker’s stock, valued at approximately $725,000.

Several other institutional investors have also bought and sold shares of VICR. Royal Bank of Canada raised its position in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after buying an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after acquiring an additional 563 shares in the last quarter. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after acquiring an additional 3,184 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Key Vicor News

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: Vicor reported several insider sales over the past two days, including CEO Patrizio Vinciarelli selling 20,000 shares and CFO James F. Schmidt and Director Andrew D’Amico each selling shares as well. Insider sales can weigh on investor sentiment, though they do not necessarily signal a change in the company’s fundamentals. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with multiple firms raising price targets and maintaining buy ratings, and Vicor still carrying a consensus “Buy” rating. That suggests Wall Street continues to view the company’s growth and profitability prospects favorably. Article Title
• Positive Sentiment: Vicor’s prior quarter showed strong fundamentals, with earnings and revenue both beating estimates and revenue up 20.2% year over year. Those results help explain why the stock has run up significantly before this latest pullback.
• Negative Sentiment: The shares have also been volatile recently, including a notable one-day decline after a strong multi-month rally, which may be prompting profit-taking by investors. Article Title

Vicor Price Performance

Shares of NASDAQ:VICR opened at $322.28 on Thursday. The company has a market capitalization of $14.69 billion, a PE ratio of 107.79 and a beta of 2.36. The business has a fifty day moving average price of $284.76 and a two-hundred day moving average price of $198.75. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40.

Vicor (NASDAQ:VICR) last announced 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 during the quarter, compared to analyst estimates 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 last year, the firm posted $0.06 EPS. Sell-side analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the sale, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 421,768 shares of company stock worth $113,998,636 in the last three months. 28.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on VICR. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday. Roth Mkm boosted 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC increased their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor presently has an average rating of “Buy” and a consensus price target of $408.33.

Vicor 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.