24,789 Shares in Vicor Corporation $VICR Acquired by Cubist Systematic Strategies LLC

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 position in Vicor Corporation (NASDAQ:VICR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its position in shares of Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 265 shares during the period. Optimum Investment Advisors purchased a new position in Vicor during the first quarter worth about $26,000. Blair William & Co. IL increased its stake in Vicor by 12.6% in the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock worth $230,000 after acquiring an additional 550 shares during the last quarter. Ashford Capital Management Inc. boosted its position in shares of Vicor by 2.5% during the 4th quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock valued at $1,167,000 after acquiring an additional 600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vicor by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock worth $627,000 after purchasing an additional 654 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICR. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $43.00.

Insider Activity

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 stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares in the company, valued at $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 31.30% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ VICR traded down $0.19 during mid-day trading on Friday, hitting $50.77. The stock had a trading volume of 260,283 shares, compared to its average volume of 297,963. The business has a 50 day moving average price of $48.16 and a two-hundred day moving average price of $47.57. Vicor Corporation has a 1 year low of $36.08 and a 1 year high of $65.70. The firm has a market cap of $2.28 billion, a P/E ratio of 34.77 and a beta of 1.76.

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

Vicor Profile

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.