Colrain Capital Increases Stake in Vicor Corporation by 10.4%

Colrain Capital LLC has increased its investment in Vicor Corporation (NASDAQ:VICR) by 10.4% during the third quarter, as reported in its recent filing with the Securities and Exchange Commission. Following the acquisition of 23,940 shares, Colrain now holds 254,140 shares of the electronics manufacturer, which constitutes approximately 7.2% of Colrain’s total portfolio, making Vicor its fourth largest investment. As of the latest SEC filing, Colrain’s stake in Vicor is valued at around $12.6 million.

Several other institutional investors have also adjusted their positions in Vicor. Notably, Nisa Investment Advisors LLC raised its stake by 53.4%, acquiring an additional 210 shares for a total of 603 shares, valued at about $30,000. Similarly, PNC Financial Services Group Inc. increased its holdings by 13.7%, now owning 1,129 shares valued at $56,000. Additionally, Tower Research Capital LLC saw a significant boost of 993.1% in their stake, now owning 3,782 shares worth approximately $172,000.

47.45% of Vicor’s shares are now held by institutional investors and hedge funds, indicating a strong interest in the company’s performance.

Recent Insider Transactions

In related news, Vicor’s Chief Executive Officer, Patrizio Vinciarelli, sold 1,883 shares on December 31, 2023, at an average price of $114.36, totaling approximately $215,339.88. Following this transaction, Vinciarelli owns 9,708,163 shares valued at around $1.11 billion, reflecting a minor decrease of 0.02% in his ownership stake. The details of this sale were disclosed in a document filed with the SEC. Additionally, Director Andrew D’amico sold 200 shares for $31,000 on January 20, 2024. Over the past ninety days, insiders have sold 128,306 shares valued at $13.7 million. Insiders hold approximately 31.30% of the company’s stock.

Market Performance and Analyst Ratings

As of the latest trading session, Vicor shares opened at $155.96 and the company boasts a market capitalization of $6.96 billion. With a price-to-earnings ratio of 85.22 and a beta of 1.90, Vicor has experienced significant fluctuations, recording a 52-week low of $38.92 and a high of $177.00. The stock’s 50-day moving average stands at $135.17, while the 200-day moving average is at $89.92.

Analysts have recently weighed in on Vicor’s stock. On October 22, Craig Hallum upgraded Vicor from a “hold” to a “buy” rating, setting a target price of $90.00. In contrast, Zacks Research has given the stock a “hold” rating. Other analysts, such as those from Needham & Company LLC, have also set a $90.00 price target while maintaining a “buy” rating. Currently, the consensus rating across analysts is “Moderate Buy” with a price target of $118.33, according to data from MarketBeat.com.

About Vicor Corporation

Vicor Corporation is a prominent designer and manufacturer of modular power components and systems, catering to various industries that require high performance and efficiency. Headquartered in Andover, Massachusetts, Vicor specializes in power conversion solutions that enhance energy delivery across applications, including telecommunications, data centers, industrial, and automotive systems. Its extensive product range includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators, and complete power systems that integrate multiple conversion stages into single packages.

As institutional interest continues to grow, Vicor appears well-positioned within its sector, reflecting confidence among investors in its future performance.