Vicor Corporation (NASDAQ:VICR) Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356,011 shares of the electronics maker's stock after acquiring an additional 80,105 shares during the period. Pinnacle Associates Ltd. owned 0.79% of Vicor worth $16,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock worth $185,903,000 after purchasing an additional 572,093 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of Vicor during the 4th quarter valued at about $17,787,000. Colrain Capital LLC acquired a new stake in shares of Vicor during the 4th quarter valued at about $9,181,000. Raymond James Financial Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at about $7,349,000. Finally, Nuveen Asset Management LLC grew its position in shares of Vicor by 184.1% during the 4th quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock valued at $8,214,000 after acquiring an additional 110,162 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Price Performance

Vicor stock traded down $0.74 during midday trading on Friday, reaching $46.41. The company had a trading volume of 420,538 shares, compared to its average volume of 378,550. The company has a market capitalization of $2.10 billion, a P/E ratio of 31.79 and a beta of 1.75. Vicor Corporation has a 12-month low of $34.27 and a 12-month high of $65.70. The firm's fifty day simple moving average is $45.19 and its 200-day simple moving average is $48.39.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, beating 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 firm had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same period last year, the company posted $0.10 EPS. Vicor's quarterly revenue was up 64.3% compared to the same quarter last year.

Insiders Place Their Bets

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the firm'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 value of $366,219.00. Following the transaction, the director directly owned 1,217 shares of the company's stock, valued at $76,671. This trade represents a 82.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICR. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research report on Saturday.

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.