Empowered Funds LLC Buys 50,350 Shares of Vicor Corporation $VICR

Key Points

• Empowered Funds LLC increased its Vicor position by 50,350 shares, or 6,794.9%, during the first quarter, ending with 51,091 shares worth approximately $8.2 million. Institutional investors collectively own 47.45% of Vicor.
• Vicor reported quarterly EPS of $1.04, exceeding the $0.65 analyst consensus, while revenue rose 49.3% year over year to $143.35 million. Analysts’ average rating is “Moderate Buy”, with an average price target of $381.67.
• Company insiders sold 312,751 shares valued at approximately $101.3 million over the past 90 days, while Vicor shares recently traded at $234.74, well below their 52-week high of $382.65.

Empowered Funds LLC increased its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 6,794.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,091 shares of the electronics maker's stock after purchasing an additional 50,350 shares during the period. Empowered Funds LLC owned 0.11% of Vicor worth $8,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Vicor by 1.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock worth $916,000 after purchasing an additional 68 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Vicor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker's stock valued at $490,000 after acquiring an additional 74 shares during the period. Oregon Public Employees Retirement Fund increased its position in Vicor by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker's stock worth $574,000 after buying an additional 90 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker's stock worth $75,000 after acquiring an additional 103 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer owned 8,347,390 shares of the company's stock, valued at $2,524,250,736. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew D'amico sold 331 shares of the company's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the sale, the director owned 200 shares in the company, valued at $63,906. The trade was a 62.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 312,751 shares of company stock valued at $101,273,682. 28.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on VICR shares. Zacks Research downgraded shares of Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Craig Hallum increased their price target on Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Roth Capital boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Finally, Needham & Company LLC decreased their price objective on Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Vicor presently has an average rating of "Moderate Buy" and an average target price of $381.67.

Vicor Stock Performance

Shares of Vicor stock opened at $234.74 on Friday. Vicor Corporation has a fifty-two week low of $45.44 and a fifty-two week high of $382.65. The firm has a 50-day simple moving average of $266.38 and a two-hundred day simple moving average of $231.19. The company has a market cap of $10.82 billion, a P/E ratio of 75.24 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last issued 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 firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same period last year, the company posted $0.91 EPS. Vicor's quarterly revenue was up 49.3% compared to the same quarter last year. Equities research analysts forecast that Vicor Corporation will post 3.12 EPS for the current 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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