3,660 Shares in Vicor Corporation $VICR Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,660 shares of the electronics maker’s stock, valued at approximately $1,390,000.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter worth $32,000. Allworth Financial LP increased its stake in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vicor during the 4th quarter valued at $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Down 7.8%

Shares of VICR stock opened at $187.75 on Friday. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65. The firm has a market cap of $8.66 billion, a PE ratio of 60.18 and a beta of 2.37. The stock has a 50 day moving average of $246.94 and a 200-day moving average of $234.58.

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

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the completion of the transaction, the chief executive officer owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 285,765 shares of company stock worth $92,050,357. Insiders own 28.30% of the company’s stock.

Analyst Ratings Changes

VICR has been the topic of several analyst reports. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Needham & Company LLC reduced their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and a consensus price target 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.