Caption Management LLC Purchases Shares of 10,000 Vicor Corporation $VICR

Key Points

• Caption Management LLC has acquired 10,000 shares of Vicor Corporation for approximately $468,000 during the first quarter.
• Analysts have recently downgraded Vicor from a "buy" rating to a "hold" rating, with a consensus target price of $43.00.
• Vicor reported a 64.3% year-over-year increase in revenue, reaching $141.05 million, and beat EPS estimates by $0.73.

Caption Management LLC bought a new position in Vicor Corporation (NASDAQ:VICR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the electronics maker's stock, valued at approximately $468,000.

Other hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in Vicor in the first quarter worth $26,000. Manchester Capital Management LLC raised its holdings in Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after purchasing an additional 265 shares during the period. KBC Group NV acquired a new stake in shares of Vicor during the first quarter worth $57,000. CWM LLC raised its holdings in shares of Vicor by 33.3% during the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after acquiring an additional 802 shares during the period. Finally, Blair William & Co. IL raised its holdings in shares of Vicor by 12.6% during the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock worth $230,000 after acquiring an additional 550 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

VICR stock traded down $0.10 during midday trading on Friday, hitting $51.80. The company's stock had a trading volume of 250,812 shares, compared to its average volume of 338,338. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The company's fifty day moving average price is $47.69 and its 200 day moving average price is $47.92. The stock has a market capitalization of $2.33 billion, a P/E ratio of 35.48 and a beta of 1.76.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.73. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The firm had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same period in the previous year, the business earned $0.10 EPS. The company's revenue was up 64.3% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the sale, the director directly owned 1,217 shares in the company, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VICR shares. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $43.00.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.