Private Advisor Group LLC Buys New Shares 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 purchased a new position in Vicor Corporation (NASDAQ:VICR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,659 shares of the electronics maker's stock, valued at approximately $405,000.

A number of other hedge funds have also modified their holdings of VICR. Optimum Investment Advisors acquired a new position in Vicor during the first quarter worth $26,000. KBC Group NV acquired a new position in Vicor during the first quarter worth $57,000. Headlands Technologies LLC acquired a new position in Vicor during the fourth quarter worth $140,000. CWM LLC increased its position in Vicor by 33.3% during the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after buying an additional 802 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Vicor during the fourth quarter worth $227,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Down 1.3%

VICR stock traded down $0.59 during mid-day trading on Friday, reaching $43.85. 631,274 shares of the stock traded hands, compared to its average volume of 287,152. Vicor Corporation has a 52 week low of $34.27 and a 52 week high of $65.70. The business has a 50-day moving average of $45.43 and a two-hundred day moving average of $48.31. The firm has a market capitalization of $1.98 billion, a PE ratio of 30.03 and a beta of 1.75.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share (EPS) 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 company had revenue of $141.05 million during the quarter, compared to analysts' expectations of $96.43 million. During the same period in the prior year, the company earned $0.10 earnings per share. The business's quarterly revenue was up 64.3% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the sale, the director directly owned 1,217 shares in the company, valued at $76,671. This represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC reissued 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 report on Saturday, July 26th.

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.