AWM Investment Company Inc. Raises Stock Position in Vicor Corporation $VICR

Key Points

• AWM Investment Company Inc. increased its stake in Vicor Corporation by 5.7%, acquiring an additional 20,195 shares, which now represents 2.4% of its investment portfolio.
• During the first quarter, several large investors raised their positions in Vicor, with Chapin Davis Inc. marking a significant 265.0% increase.
• Vicor Corporation reported strong earnings, with $0.91 EPS for the quarter, exceeding analysts' expectations of $0.18, and a 64.3% year-over-year revenue growth.

AWM Investment Company Inc. boosted its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,210 shares of the electronics maker's stock after buying an additional 20,195 shares during the period. Vicor makes up 2.4% of AWM Investment Company Inc.'s holdings, making the stock its 10th biggest holding. AWM Investment Company Inc. owned about 0.82% of Vicor worth $17,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VICR. Prescott Group Capital Management L.L.C. raised its holdings in shares of Vicor by 35.5% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock valued at $5,860,000 after purchasing an additional 31,774 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Vicor by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,178 shares of the electronics maker's stock valued at $1,120,000 after purchasing an additional 1,475 shares during the period. Northern Trust Corp raised its holdings in shares of Vicor by 8.9% during 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 during the period. Bosun Asset Management LLC acquired a new position in shares of Vicor during the fourth quarter valued at about $564,000. Finally, Deutsche Bank AG raised its holdings in shares of Vicor by 125.4% during the fourth quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock valued at $1,384,000 after purchasing an additional 15,932 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.

Insider Activity at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the sale, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 31.30% of the company's stock.

Vicor Stock Performance

VICR traded down $0.44 during midday trading on Monday, reaching $51.37. The company had a trading volume of 115,220 shares, compared to its average volume of 297,534. The stock has a market cap of $2.31 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 business has a 50-day moving average price of $47.69 and a two-hundred day moving average price of $47.87.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.73. The firm had revenue of $141.05 million for the quarter, compared to analysts' expectations of $96.43 million. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The company's quarterly revenue was up 64.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share.

Wall Street Analyst Weigh In

VICR has been the subject of several recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $43.00.

About Vicor

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.