Sierra Summit Advisors LLC Invests $1.09 Million in Vicor Corporation $VICR

Sierra Summit Advisors LLC acquired a new stake in Vicor Corporation (NASDAQ:VICR) during the first quarter, Holdings Channel reports. The institutional investor acquired 6,754 shares of the electronics maker’s stock, valued at approximately $1,087,000.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at $32,000. Allworth Financial LP increased its stake in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the last quarter. NBC Securities Inc. bought a new stake in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its position in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 503,630 shares of company stock worth $142,197,891 in the last three months. Company insiders own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VICR. Craig Hallum raised their price objective on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm increased their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC raised their price target on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has an average rating of “Buy” and a consensus target price of $408.33.

Vicor Price Performance

Shares of VICR stock opened at $282.95 on Friday. The company has a fifty day moving average price of $300.00 and a two-hundred day moving average price of $208.91. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65. The stock has a market cap of $12.90 billion, a P/E ratio of 94.63 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 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.94 EPS for the current fiscal year.

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.