Algert Global LLC Buys Shares of 14,130 Vicor Corporation $VICR

Key Points

• Algert Global LLC purchased 14,130 shares of Vicor Corporation, totaling approximately $661,000, signaling institutional interest in the company.
• Vicor reported earnings of $0.91 per share, significantly exceeding analyst expectations of $0.18, with a revenue of $141.05 million for the quarter.
• As of the latest reports, Vicor has an average price target of $43.00 and has been rated as a “buy” by some analysts, indicating a positive outlook.

Algert Global LLC purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,130 shares of the electronics maker's stock, valued at approximately $661,000.

Several other hedge funds have also added to or reduced their stakes in the business. Manchester Capital Management LLC lifted its holdings in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Optimum Investment Advisors acquired a new stake in Vicor during the 1st quarter valued at $26,000. Blair William & Co. IL lifted its holdings in Vicor by 12.6% during the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock valued at $230,000 after purchasing an additional 550 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in Vicor by 2.5% during the 4th quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock valued at $1,167,000 after purchasing an additional 600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock valued at $627,000 after purchasing an additional 654 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Stock Down 0.4%

Shares of VICR traded down $0.19 during midday trading on Wednesday, reaching $51.32. 261,616 shares of the stock were exchanged, compared to its average volume of 297,920. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The company has a market cap of $2.31 billion, a P/E ratio of 35.15 and a beta of 1.73. The stock's 50 day simple moving average is $46.77 and its 200 day simple moving average is $47.83.

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

Insider Activity at Vicor

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a report on Monday. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vicor presently has an average rating of "Buy" and an average price target of $43.00.

Vicor Company Profile

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.