9,343 Shares of Vicor Corporation $VICR Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vicor Corporation (NASDAQ:VICR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,343 shares of the electronics maker’s stock, valued at approximately $2,700,000.

A number of other hedge funds have also modified their holdings of VICR. GoalVest Advisory LLC increased its stake in shares of Vicor by 23.5% in the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after acquiring an additional 68 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Vicor by 60.6% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 80 shares during the period. Finally, First PREMIER Bank boosted its position in shares of Vicor by 20.0% during the 2nd quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock worth $228,000 after purchasing an additional 100 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Performance

NASDAQ VICR opened at $146.88 on Friday. The firm has a 50 day simple moving average of $220.81 and a 200-day simple moving average of $226.48. Vicor Corporation has a one year low of $80.29 and a one year high of $382.65. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 38.45 and a beta of 2.45.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.01. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The firm had revenue of $197.11 million for the quarter, compared to the consensus estimate of $187.03 million. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 78.5% on a year-over-year basis. Equities analysts predict that Vicor Corporation will post 3.94 EPS for the current fiscal year.

Insider Transactions at Vicor

In other news, VP Philip Davies sold 3,073 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total transaction of $563,157.98. Following the sale, the vice president owned 1,920 shares of the company’s stock, valued at approximately $351,859.20. This represents a 61.55% 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. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,054 shares of company stock valued at $7,658,830. 28.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Roth Capital set a $360.00 price target on Vicor in a research report on Wednesday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Vicor in a research note on Tuesday, October 20th. Finally, Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $386.67.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.