35,000 Shares in Vicor Corporation $VICR Bought by Alight Capital Management LP

Key Points

• Alight Capital Management LP acquired 35,000 shares of Vicor Corporation, representing a new investment valued at approximately $1.6 million, indicating growing institutional interest in the company.
• Vicor reported a strong quarterly earnings performance with an EPS of $0.91, significantly surpassing the consensus estimate of $0.18, and demonstrating a revenue increase of 64.3% year-over-year.
• Analysts have mixed views on Vicor's stock, with Needham restating a "hold" rating while the average rating remains a "buy" with a price target set at $43.00.

Alight Capital Management LP acquired a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,000 shares of the electronics maker's stock, valued at approximately $1,637,000. Alight Capital Management LP owned approximately 0.08% of Vicor at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Vicor by 15.6% during the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock worth $207,994,000 after buying an additional 598,896 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Vicor during the fourth quarter worth approximately $17,787,000. Pinnacle Associates Ltd. lifted its holdings in shares of Vicor by 29.0% during the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock worth $16,654,000 after purchasing an additional 80,105 shares during the period. Northern Trust Corp increased its stake in Vicor by 8.9% in the fourth quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock valued at $12,066,000 after purchasing an additional 20,321 shares in the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in Vicor by 885.7% in the first quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker's stock valued at $11,136,000 after acquiring an additional 213,895 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ VICR traded down $0.54 during midday trading on Monday, reaching $51.26. 115,220 shares of the company traded hands, compared to its average volume of 297,534. The firm has a market cap of $2.30 billion, a PE ratio of 35.11 and a beta of 1.76. Vicor Corporation has a 12 month low of $34.27 and a 12 month high of $65.70. The stock's 50-day simple moving average is $47.69 and its 200-day simple moving average is $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 for the quarter, topping analysts' consensus estimates of $0.18 by $0.73. The company had revenue of $141.05 million during the quarter, compared to the consensus estimate of $96.43 million. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The company's revenue was up 64.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share.

Wall Street Analyst Weigh In

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

Insider Transactions at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the 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 sale, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.30% of the stock is owned by company insiders.

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.