Vicor Corp (NASDAQ:VICR) Shares Bought by Comerica Bank

Comerica Bank lifted its holdings in shares of Vicor Corp (NASDAQ:VICR) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,031 shares of the electronics maker’s stock after buying an additional 454 shares during the period. Comerica Bank’s holdings in Vicor were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Ashford Capital Management Inc. boosted its position in Vicor by 25.3% in the fourth quarter. Ashford Capital Management Inc. now owns 743,800 shares of the electronics maker’s stock worth $28,108,000 after purchasing an additional 149,970 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Vicor by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 495,575 shares of the electronics maker’s stock worth $18,728,000 after acquiring an additional 48,853 shares during the last quarter. Oberweis Asset Management Inc. increased its stake in Vicor by 20.0% in the 4th quarter. Oberweis Asset Management Inc. now owns 213,860 shares of the electronics maker’s stock worth $8,082,000 after acquiring an additional 35,660 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Vicor by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 195,162 shares of the electronics maker’s stock worth $7,376,000 after acquiring an additional 13,802 shares during the last quarter. Finally, Morgan Stanley increased its stake in Vicor by 110.5% in the 3rd quarter. Morgan Stanley now owns 190,197 shares of the electronics maker’s stock worth $8,749,000 after acquiring an additional 99,859 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

Shares of NASDAQ VICR traded up $0.49 during midday trading on Monday, hitting $31.54. The stock had a trading volume of 212,100 shares, compared to its average volume of 202,530. The firm has a market capitalization of $1.25 billion, a P/E ratio of 40.44 and a beta of 0.73. The company’s 50 day simple moving average is $30.92. Vicor Corp has a 1 year low of $27.82 and a 1 year high of $64.50.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 earnings per share for the quarter. Vicor had a return on equity of 18.08% and a net margin of 10.99%. The business had revenue of $65.73 million for the quarter, compared to the consensus estimate of $61.00 million. On average, equities research analysts anticipate that Vicor Corp will post 0.55 EPS for the current year.

A number of analysts have issued reports on VICR shares. ValuEngine downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. BidaskClub downgraded Vicor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Northland Securities began coverage on Vicor in a research report on Wednesday, April 10th. They issued an “outperform” rating and a $36.00 price target for the company. CJS Securities began coverage on Vicor in a research report on Monday, June 10th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Zacks Investment Research raised Vicor from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Saturday, June 15th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Vicor has a consensus rating of “Hold” and a consensus target price of $38.33.

In related news, Director Samuel J. Anderson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $36.06, for a total value of $180,300.00. Following the completion of the sale, the director now owns 10,223 shares of the company’s stock, valued at $368,641.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director H Allen Henderson sold 1,886 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total value of $69,914.02. Following the completion of the sale, the director now directly owns 2,105 shares of the company’s stock, valued at approximately $78,032.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,886 shares of company stock valued at $433,014. Insiders own 56.06% of the company’s stock.

Vicor Company Profile

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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