Nuveen LLC Takes $8.02 Million Position in Vicor Corporation $VICR

Key Points

• Nuveen LLC acquired 171,530 shares of Vicor Corporation, worth approximately $8,024,000, reflecting a 0.38% ownership stake in the company.
• Vicor's stock price increased by 9.1%, with shares opening at $50.95 and a market capitalization of $2.29 billion.
• The company reported $141.05 million in quarterly revenue, surpassing expectations and showing a 64.3% year-over-year growth.

Nuveen LLC bought a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 171,530 shares of the electronics maker's stock, valued at approximately $8,024,000. Nuveen LLC owned about 0.38% of Vicor at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new stake in shares of Vicor in the first quarter worth about $26,000. Manchester Capital Management LLC increased its stake in shares of 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 buying an additional 265 shares during the period. KBC Group NV bought a new stake in Vicor in the first quarter valued at $57,000. CWM LLC boosted its holdings in Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after acquiring an additional 802 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Vicor in the fourth quarter valued at $232,000. Institutional investors own 47.45% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VICR. Wall Street Zen cut shares of Vicor from a "buy" rating to a "hold" rating in a research note on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor has a consensus rating of "Buy" and an average target price of $43.00.

Vicor Stock Down 2.0%

Shares of Vicor stock traded down $1.02 on Friday, reaching $51.11. The company's stock had a trading volume of 409,982 shares, compared to its average volume of 398,882. Vicor Corporation has a 52-week low of $34.27 and a 52-week high of $65.70. The company has a market capitalization of $2.30 billion, a P/E ratio of 35.01 and a beta of 1.73. The stock has a 50-day moving average price of $47.16 and a 200-day moving average price of $47.87.

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

Insiders Place Their Bets

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the transaction, the director owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 31.30% of the company's stock.

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.