AWM Investment Company Inc. Lowers Stake in Vicor Corporation $VICR

Key Points

• AWM Investment Company cut its Vicor stake by 48.3% in the second quarter, selling 139,199 shares and retaining 148,981 shares valued at approximately $56.6 million. Vicor remains AWM’s second-largest holding and represents 4.9% of its portfolio.
• Vicor reported quarterly EPS of $1.04, beating estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. The company posted a 30.65% net margin and 19.83% return on equity.
• Analysts maintain a generally positive view, with Vicor carrying a “Moderate Buy” consensus rating and an average price target of $381.67, although some firms recently downgraded the stock or lowered their targets. The CEO and other insiders sold shares worth nearly $98.9 million during the last quarter.

AWM Investment Company Inc. trimmed its stake in Vicor Corporation (NASDAQ:VICR - Free Report) by 48.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,981 shares of the electronics maker's stock after selling 139,199 shares during the period. Vicor comprises about 4.9% of AWM Investment Company Inc.'s investment portfolio, making the stock its 2nd largest position. AWM Investment Company Inc. owned 0.32% of Vicor worth $56,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of VICR. Carolina Wealth Advisors LLC grew its stake in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock worth $56,000 after buying an additional 61 shares during the last quarter. Elevation Wealth Partners LLC acquired a new position in shares of Vicor in the 2nd quarter worth approximately $76,000. Federated Hermes Inc. bought a new stake in Vicor during the 4th quarter worth approximately $27,000. Blue Trust Inc. grew its position in Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock worth $43,000 after acquiring an additional 254 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC increased its holdings in Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Trading Up 2.4%

NASDAQ VICR opened at $194.62 on Wednesday. Vicor Corporation has a 12 month low of $47.56 and a 12 month high of $382.65. The stock has a 50-day simple moving average of $254.93 and a 200 day simple moving average of $234.25. The company has a market capitalization of $8.97 billion, a PE ratio of 62.38 and a beta of 2.37.

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

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total value of $6,842,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,828,090 shares in the company, valued at approximately $3,020,089,589. The trade was a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 305,765 shares of company stock worth $98,892,357. Insiders own 28.30% of the company's stock.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Craig Hallum lifted their price target on Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Roth Capital increased their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Weiss Ratings cut shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 20th. Zacks Research downgraded shares of Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Finally, Needham & Company LLC dropped their target price 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Vicor has an average rating of "Moderate Buy" and a consensus target price of $381.67.

Vicor Profile

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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