Cubist Systematic Strategies LLC Buys New Stake in Vicor Corporation $VICR

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in Vicor Corporation, purchasing 24,789 shares valued at approximately $1.16 million, which amounts to 0.05% ownership.
• Vicor reported a substantial earnings beat with earnings per share of $0.91, significantly exceeding the consensus estimate of $0.18, and a revenue increase of 64.3% year-over-year.
• Analysts' sentiment is improving, with Wall Street Zen upgrading Vicor from a "hold" to a "buy" rating, while the company's average price target is set at $43.00.

Cubist Systematic Strategies LLC bought a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 24,789 shares of the electronics maker's stock, valued at approximately $1,160,000. Cubist Systematic Strategies LLC owned 0.05% of Vicor at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VICR. Prescott Group Capital Management L.L.C. lifted its stake in shares of Vicor by 35.5% in the 4th 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. Northern Trust Corp increased its holdings in Vicor by 8.9% in the 4th quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock worth $12,066,000 after acquiring an additional 20,321 shares in the last quarter. Deutsche Bank AG increased its holdings in Vicor by 125.4% in the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after acquiring an additional 15,932 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Vicor in the 4th quarter worth $1,319,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vicor by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock worth $627,000 after acquiring an additional 654 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vicor

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

Vicor Trading Down 2.4%

Shares of VICR stock opened at $50.56 on Tuesday. The company's 50-day moving average price is $47.79 and its 200-day moving average price is $47.78. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 34.63 and a beta of 1.76. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 64.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VICR. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target 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.

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