Jacobs Levy Equity Management Inc. Has $1.53 Million Stake in Vicor Corporation $VICR

Key Points

• Jacobs Levy Equity Management Inc. increased its position in Vicor Corporation by 19.8% during the first quarter, holding 32,706 shares valued at approximately $1.53 million.
• Other institutional investors also increased their stakes in Vicor, with Manchester Capital Management LLC boosting its stake by 76.8%.
• Vicor reported strong earnings, with $0.91 EPS in the latest quarter, surpassing estimates by $0.73 and achieving a 64.3% year-over-year revenue growth.

Jacobs Levy Equity Management Inc. boosted its holdings in Vicor Corporation (NASDAQ:VICR - Free Report) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,706 shares of the electronics maker's stock after acquiring an additional 5,408 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.07% of Vicor worth $1,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Vicor in the first quarter valued at about $26,000. Manchester Capital Management LLC increased its stake in 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. KBC Group NV bought a new stake in Vicor in the first quarter valued at about $57,000. CWM LLC increased its stake in Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after acquiring an additional 802 shares during the period. Finally, Blair William & Co. IL increased its stake in Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock valued at $230,000 after acquiring an additional 550 shares during the period. Institutional investors own 47.45% of the company's stock.

Insider Activity

In other 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 transaction, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.30% of the company's stock.

Analysts Set New Price Targets

VICR has been the topic of a number of analyst reports. 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 restated 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Vicor has a consensus rating of "Buy" and an average target price of $43.00.

Vicor Stock Down 0.4%

NASDAQ:VICR traded down $0.19 on Friday, reaching $50.77. The stock had a trading volume of 260,283 shares, compared to its average volume of 297,963. The company has a market capitalization of $2.28 billion, a P/E ratio of 34.77 and a beta of 1.76. Vicor Corporation has a 1-year low of $36.08 and a 1-year high of $65.70. The stock has a fifty day moving average price of $48.16 and a 200-day moving average price of $47.57.

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

Vicor Company 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.