Andar Capital Management HK Ltd Takes Position in Vicor Corporation $VICR

Key Points

• Andar Capital Management HK Ltd. acquired 38.4 million Vicor shares worth approximately $101.1 million, reportedly making Vicor its seventh-largest holding and representing 84.24% of the company’s shares.
• Analyst sentiment remains generally positive: three analysts rate Vicor a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $381.67.
• Vicor exceeded quarterly expectations with $1.04 in EPS versus $0.65 forecast and revenue of $143.35 million, up 49.3% year over year. Meanwhile, insiders sold $101.3 million of stock during the quarter, including 20,000 shares sold by the CEO.

Andar Capital Management HK Ltd bought a new position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 38,395,758 shares of the electronics maker's stock, valued at approximately $101,100,000. Vicor accounts for about 0.2% of Andar Capital Management HK Ltd's holdings, making the stock its 7th biggest holding. Andar Capital Management HK Ltd owned 84.24% of Vicor as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VICR. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the fourth quarter worth about $32,000. Allworth Financial LP increased its stake in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. purchased a new stake in Vicor during the fourth quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICR has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on shares of Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Craig Hallum upped their target price on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Roth Capital raised their price target on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Vicor has an average rating of "Moderate Buy" and a consensus target price of $381.67.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the sale, the chief executive officer owned 8,628,090 shares of the company's stock, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 312,751 shares of company stock valued at $101,273,682. Corporate insiders own 28.30% of the company's stock.

Vicor Trading Up 3.6%

Vicor stock opened at $234.74 on Friday. The company has a fifty day simple moving average of $266.38 and a 200-day simple moving average of $231.19. The stock has a market cap of $10.82 billion, a P/E ratio of 75.24 and a beta of 2.37. Vicor Corporation has a 12-month low of $45.44 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor's revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, sell-side analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

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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