Prescott Group Capital Management L.L.C. Decreases Stock Position in Vicor Corporation (NASDAQ:VICR)

Key Points

• Prescott Group Capital Management L.L.C. reduced its stake in Vicor Corporation by 21.3%, selling 25,774 shares to hold a total of 95,506 shares valued at approximately $4.47 million.
• Several institutional investors, including Swiss National Bank and LPL Financial LLC, altered their positions in Vicor during the fourth quarter, indicating active interest in the stock.
• Vicor recently reported earnings of $0.91 per share, significantly surpassing analyst expectations, with a revenue increase of 64.3% year-over-year.

Prescott Group Capital Management L.L.C. reduced its stake in Vicor Corporation (NASDAQ:VICR - Free Report) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,506 shares of the electronics maker's stock after selling 25,774 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.21% of Vicor worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VICR. Swiss National Bank increased its stake in Vicor by 2.5% during the 4th quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock valued at $2,219,000 after purchasing an additional 1,100 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Vicor during the fourth quarter valued at about $231,000. American Century Companies Inc. grew its position in Vicor by 20.0% during the fourth quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock valued at $390,000 after buying an additional 1,344 shares during the period. KLP Kapitalforvaltning AS bought a new position in Vicor during the fourth quarter worth about $227,000. Finally, LPL Financial LLC boosted its position in Vicor by 56.8% during the fourth quarter. LPL Financial LLC now owns 9,849 shares of the electronics maker's stock worth $476,000 after purchasing an additional 3,569 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

Vicor stock traded down $0.02 during mid-day trading on Tuesday, reaching $45.95. The stock had a trading volume of 159,457 shares, compared to its average volume of 281,280. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 31.47 and a beta of 1.75. The company has a 50-day moving average price of $45.25 and a two-hundred day moving average price of $48.37. Vicor Corporation has a one year low of $34.27 and a one year high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $96.43 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 64.3% compared to the same quarter last year.

Analysts Set New Price Targets

VICR has been the subject of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Saturday.

Insiders Place Their Bets

In other news, Director Andrew D'amico sold 5,813 shares of the 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 directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.30% of the stock is owned by insiders.

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.