Vicor Corporation $VICR Shares Bought by Jacobs Levy Equity Management Inc.

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

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Vicor by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock valued at $207,994,000 after purchasing an additional 598,896 shares during the period. AWM Investment Company Inc. raised its position in Vicor by 5.7% in the first quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker's stock valued at $17,412,000 after purchasing an additional 20,195 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in shares of Vicor during the fourth quarter worth about $17,787,000. Pinnacle Associates Ltd. increased its position in shares of Vicor by 29.0% during the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock worth $16,654,000 after acquiring an additional 80,105 shares during the last quarter. Finally, Northern Trust Corp increased its position 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 worth $12,066,000 after acquiring an additional 20,321 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VICR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen raised Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. 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. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $43.00.

Insider Buying and Selling

In related news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the transaction, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This trade represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.30% of the company's stock.

Vicor Price Performance

NASDAQ:VICR traded up $0.17 during mid-day trading on Tuesday, reaching $52.06. The stock had a trading volume of 346,779 shares, compared to its average volume of 292,798. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 35.66 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's 50 day simple moving average is $48.41 and its two-hundred day simple moving average is $47.42.

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

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.