Stoneridge Investment Partners LLC Buys Shares of 6,498 Vicor Corporation $VICR

Stoneridge Investment Partners LLC bought a new stake in Vicor Corporation (NASDAQ:VICR) in the third quarter, Holdings Channel.com reports. The institutional investor bought 6,498 shares of the electronics maker’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in Vicor during the 2nd quarter worth about $1,559,000. XTX Topco Ltd acquired a new position in shares of Vicor in the 2nd quarter valued at about $797,000. Versor Investments LP purchased a new stake in shares of Vicor in the second quarter worth approximately $342,000. Colrain Capital LLC boosted its holdings in shares of Vicor by 14.5% during the second quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock worth $10,442,000 after purchasing an additional 29,200 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in shares of Vicor by 5.9% during the second quarter. Prescott Group Capital Management L.L.C. now owns 101,096 shares of the electronics maker’s stock worth $4,586,000 after purchasing an additional 5,590 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insiders Place Their Bets

In related news, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the chief financial officer directly owned 875 shares of the company’s stock, valued at approximately $96,250. This trade represents a 85.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew D’amico sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $155.00, for a total value of $31,000.00. The SEC filing for this sale provides additional information. Insiders sold 168,648 shares of company stock valued at $17,505,431 over the last quarter. Insiders own 31.30% of the company’s stock.

Vicor Trading Down 8.1%

VICR stock opened at $153.29 on Friday. The firm has a market cap of $6.84 billion, a PE ratio of 83.77 and a beta of 1.90. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $171.51. The company has a fifty day simple moving average of $112.54 and a 200 day simple moving average of $76.94.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday, December 16th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $175.00 price target on shares of Vicor in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and a consensus price target of $118.33.

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.