Man Group plc Has $6.16 Million Position in Vicor Corporation $VICR

Man Group plc lessened its position in Vicor Corporation (NASDAQ:VICR) by 54.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,220 shares of the electronics maker’s stock after selling 19,636 shares during the period. Man Group plc’s holdings in Vicor were worth $6,160,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Andar Capital Management HK Ltd bought a new stake in shares of Vicor in the 2nd quarter valued at about $101,100,000. Vanguard Group Inc. grew its holdings in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after purchasing an additional 60,963 shares during the period. BlackRock Inc. acquired a new position in Vicor during the second quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company increased its position in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the transaction, the director owned 908 shares in the company, valued at $227,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the transaction, the director directly owned 200 shares in the company, valued at $63,906. This represents a 62.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 285,765 shares of company stock worth $92,050,357 over the last quarter. Company insiders own 28.30% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ VICR opened at $187.75 on Friday. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 60.18 and a beta of 2.37. The stock’s fifty day moving average price is $246.94 and its two-hundred day moving average price is $234.58. Vicor Corporation has a one year low of $47.56 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on VICR. Needham & Company LLC decreased their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $381.67.

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.