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 of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now holds 254,140 shares of the electronics manufacturer after acquiring an additional 23,940 shares during this period. This new stake constitutes approximately 7.2% of Colrain Capital’s total holdings, making Vicor its fourth largest investment. As of the latest SEC filing, Colrain’s share of 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%, bringing its total to 603 shares valued at $30,000 after purchasing an additional 210 shares in the third quarter. PNC Financial Services Group Inc. increased its holdings by 13.7%, now owning 1,129 shares worth $56,000 following the acquisition of 136 shares.

Tower Research Capital LLC notably boosted its stake by an impressive 993.1% during the second quarter, now holding 3,782 shares valued at $172,000. Creative Planning also entered the market, acquiring a new position in Vicor valued at approximately $235,000.

According to recent data, institutional investors and hedge funds own approximately 47.45% of Vicor’s stock.

Insider Transactions and Stock Performance

In related news, Vicor’s CEO, Patrizio Vinciarelli, sold 1,883 shares on December 31, 2023, at an average price of $114.36, totaling around $215,339.88. Following this transaction, Vinciarelli retains ownership of 9,708,163 shares, valued at approximately $1.11 billion, marking a slight decrease in his ownership by 0.02%.

Additionally, Director Andrew D’amico sold 200 shares on January 20, 2024, for a total of $31,000. Over the last ninety days, insiders have sold 128,306 shares worth about $13.74 million. Insiders currently own 31.30% of the company’s stock.

Vicor’s stock has recently opened at $155.96. The company boasts a market capitalization of $6.96 billion and a price-to-earnings (P/E) ratio of 85.22. The stock has experienced a 52-week low of $38.92 and a 52-week high of $177.00. Its 50-day simple moving average is $135.17, while the 200-day simple moving average sits at $89.92.

Analyst Ratings and Future Outlook

Vicor has garnered attention from various analysts recently. In a report dated October 22, 2023, Craig Hallum upgraded the stock from a “hold” to a “buy” rating, setting a target price of $90.00. On December 16, 2023, Zacks Research also raised its rating to “hold”. Meanwhile, Wall Street Zen adjusted its rating from “strong-buy” to “buy” on November 23, 2023. Needham & Company LLC reiterated a “buy” rating with a price target of $90.00 on the same date.

Overall, among the analysts covering Vicor, three have given it a “buy” rating, while two have rated it as a “hold.” Currently, the stock holds a consensus rating of “Moderate Buy” with an average price target of $118.33.

Vicor Corporation, headquartered in Andover, Massachusetts, specializes in designing and manufacturing modular power components and systems. Its product offerings include high-density DC-DC converters and complete power systems tailored for diverse industries, including telecommunications, data centers, and automotive applications.