32,000 Shares in Vicor Corporation $VICR Bought by Andar Capital Management HK Ltd

Key Points

• Andar Capital Management HK Ltd opened a new position in Vicor, buying 32,000 shares worth about $3.5 million; the stake now represents 3.8% of its portfolio.
• Vicor reported strong quarterly results, including EPS of $0.44 versus $0.40 expected and revenue of $112.97 million, up 20.2% year over year.
• Analyst sentiment remains positive, with multiple firms maintaining or raising buy ratings and a consensus price target of $228.33, even as insiders recently sold shares.

Andar Capital Management HK Ltd bought a new position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,000 shares of the electronics maker's stock, valued at approximately $3,507,000. Vicor comprises approximately 3.8% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 9th biggest holding. Andar Capital Management HK Ltd owned 0.07% of Vicor at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. bought a new stake in shares of Vicor during the fourth quarter worth $32,000. Allworth Financial LP raised its holdings in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock valued at $36,000 after acquiring an additional 324 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Vicor in the fourth quarter valued at about $36,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Vicor by 969.4% in the fourth quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker's stock valued at $42,000 after acquiring an additional 349 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Stock Down 1.1%

Vicor stock opened at $342.09 on Friday. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 114.41 and a beta of 2.33. The stock has a 50-day moving average price of $229.31 and a 200 day moving average price of $168.46.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company's revenue was up 20.2% compared to the same quarter last year. Research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price objective on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Roth Mkm reiterated a "buy" rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $228.33.

Insider Activity

In other Vicor news, VP Robert Gendron sold 4,571 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $330.00, for a total value of $1,508,430.00. Following the completion of the transaction, the vice president directly owned 577 shares of the company's stock, valued at approximately $190,410. The trade was a 88.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew D'amico sold 800 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $315.35, for a total value of $252,280.00. Following the completion of the transaction, the director directly owned 800 shares of the company's stock, valued at $252,280. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 716,709 shares of company stock valued at $140,818,720. 31.30% of the stock is owned by insiders.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company's product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.

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