9,662 Shares of Vicor Corporation $VICR Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 9,662 Vicor shares worth approximately $2.8 million, while institutional investors now own 47.45% of the company.
• Vicor reported strong quarterly results, with revenue rising 78.5% year over year to $197.1 million and EPS reaching $1.33. Growth was driven by AI demand, rising royalty revenue and a 166% increase in backlog to $406 million.
• Analysts maintain a broadly positive outlook, with the stock carrying an average “Buy” rating and a $386.67 consensus price target. However, patent-litigation risks and recent insider selling remain potential concerns.

Assenagon Asset Management S.A. bought a new position in Vicor Corporation (NASDAQ:VICR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,662 shares of the electronics maker's stock, valued at approximately $2,792,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Andar Capital Management HK Ltd purchased a new stake in Vicor in the second quarter worth about $101,100,000. BlackRock Inc. purchased a new position in Vicor during the 2nd quarter valued at about $934,612,000. The Manufacturers Life Insurance Company boosted its position in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after acquiring an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock valued at $86,340,000 after acquiring an additional 162,186 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Vicor in the 2nd quarter valued at $53,161,000. 47.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VICR has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $350.00 price target on shares of Vicor in a research report on Tuesday. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Weiss Ratings downgraded Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. Finally, Roth Capital set a $360.00 target price on Vicor in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $386.67.

Vicor Price Performance

Shares of Vicor stock opened at $213.42 on Thursday. The stock has a market cap of $9.84 billion, a PE ratio of 55.87 and a beta of 2.37. Vicor Corporation has a 1 year low of $79.00 and a 1 year high of $382.65. The firm has a fifty day moving average price of $228.51 and a 200 day moving average price of $250.98.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The company had revenue of $197.11 million during the quarter, compared to analysts' expectations of $187.03 million. During the same period last year, the business earned $0.63 earnings per share. Vicor's quarterly revenue was up 78.5% on a year-over-year basis. As a group, equities analysts expect that Vicor Corporation will post 4.07 EPS for the current year.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Third-quarter revenue rose 78.5% year over year to $197.1 million, while diluted EPS increased to $1.33 from $0.63. Revenue exceeded several analyst estimates, although the EPS result was slightly below some higher consensus figures. Vicor third-quarter results
• Positive Sentiment: AI demand is driving growth: royalty revenue reached $66.6 million, more than triple the year-earlier level, and Vicor granted its first VPD license to an AI OEM. Management expects at least $43 million of royalty revenue in the fourth quarter. Vicor fourth-quarter outlook
• Positive Sentiment: Management projects approximately 10% fourth-quarter product-revenue growth and highlighted strong demand for its VPD power technology from AI customers and hyperscalers. Backlog climbed 166% year over year to $406 million. Vicor earnings call highlights
• Positive Sentiment: Vicor is expanding manufacturing capacity by acquiring two nearby sites, targeting nearly five times the capacity of its existing Fab-1 footprint. Needham reaffirmed its Buy rating and assigned a $350 price target. Needham rating
• Neutral Sentiment: Gross margin expanded to 68.3%, and operating cash flow reached $69.7 million; however, operating expenses rose substantially, partly because of intellectual-property enforcement costs. Vicor financial results summary
• Negative Sentiment: Investors continue to face patent-litigation and ITC-investigation risks, while reported insider activity showed substantial selling and no purchases over the past six months. These factors could temper enthusiasm after the stock’s strong advance.

Insiders Place Their Bets

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the completion of the transaction, the chief executive officer directly owned 8,307,390 shares of the company's stock, valued at $2,626,215,200.70. The trade was a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the transaction, the vice president owned 1,920 shares of the company's stock, valued at approximately $341,184. This represents a 61.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,053 shares of company stock worth $7,745,984. Corporate insiders own 28.30% of the company's stock.

Vicor Profile

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power components and systems. The company's products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor's technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.

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