Maxi Investments CY Ltd Invests $2.09 Million in Vicor Corporation $VICR

Maxi Investments CY Ltd purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,500 shares of the electronics maker’s stock, valued at approximately $2,089,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICR. Carolina Wealth Advisors LLC boosted its position in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after buying an additional 61 shares during the last quarter. Elevation Wealth Partners LLC acquired a new stake in shares of Vicor during the second quarter valued at about $76,000. Federated Hermes Inc. purchased a new stake in shares of Vicor during the fourth quarter worth about $27,000. Blue Trust Inc. increased its position in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 254 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC lifted its stake in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Transactions at Vicor

In other Vicor news, VP Philip D. Davies sold 3,072 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the sale, the vice president owned 1,920 shares in the company, valued at $406,444.80. This represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 313,659 shares of company stock valued at $101,500,682 in the last three months. Corporate insiders own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VICR. Needham & Company LLC reduced their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Roth Capital increased their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Stock Performance

VICR opened at $200.54 on Monday. The company has a market capitalization of $9.25 billion, a P/E ratio of 64.28 and a beta of 2.37. The company has a 50-day moving average of $260.09 and a 200-day moving average of $233.79. Vicor Corporation has a 1-year low of $46.96 and a 1-year high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, sell-side analysts expect that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

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.