Private Advisor Group LLC Makes New $405,000 Investment in Vicor Corporation (NASDAQ:VICR)

Key Points

• Private Advisor Group LLC invested approximately $405,000 in Vicor Corporation by purchasing 8,659 shares in the first quarter of the year.
• Institutional investors now hold 47.45% of Vicor's stock, with significant investments from other firms such as Summit Partners and Raymond James.
• Vicor reported strong quarterly earnings with an EPS of $0.91, surpassing estimates and showing a 64.3% increase in revenue compared to the previous year.

Private Advisor Group LLC acquired a new stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,659 shares of the electronics maker's stock, valued at approximately $405,000.

Other large investors also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Vicor by 35.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock worth $5,860,000 after buying an additional 31,774 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Vicor during the 4th quarter worth $231,000. American Century Companies Inc. lifted its stake in shares of Vicor by 20.0% during the 4th quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock worth $390,000 after purchasing an additional 1,344 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Vicor during the 4th quarter worth $227,000. Finally, LPL Financial LLC lifted its stake in shares of Vicor by 56.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Insider Buying and Selling

In related news, Director Andrew D'amico sold 5,813 shares of Vicor 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 transaction, the director 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 31.30% of the company's stock.

Analyst Upgrades and Downgrades

VICR has been the topic of several recent analyst reports. 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 report on Saturday, July 26th.

Vicor Trading Down 1.3%

VICR traded down $0.59 during trading on Friday, hitting $43.85. The company's stock had a trading volume of 631,274 shares, compared to its average volume of 399,940. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The business's fifty day simple moving average is $45.48 and its 200 day simple moving average is $48.29. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 30.03 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.73. The business had revenue of $141.05 million for 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 business's quarterly revenue was up 64.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.

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.