Rice Hall James & Associates LLC Buys New Stake in Vicor Corporation $VICR

Key Points

• Rice Hall James & Associates purchased 21,893 Vicor shares worth approximately $8.3 million. Institutional investors and hedge funds collectively own 47.45% of the company.
• Vicor reported quarterly EPS of $1.04, beating estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. Analysts expect full-year EPS of $3.12.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $381.67, although insiders sold more than $101 million of shares over the past 90 days.

Rice Hall James & Associates LLC purchased a new position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,893 shares of the electronics maker's stock, valued at approximately $8,315,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC acquired a new stake in shares of Vicor during the 4th quarter valued at about $1,631,000. Janney Montgomery Scott LLC acquired a new position in Vicor in the 1st quarter worth about $761,000. The Manufacturers Life Insurance Company raised its holdings in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Renaissance Technologies LLC raised its holdings in Vicor by 363.7% in the 1st quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker's stock worth $7,615,000 after purchasing an additional 37,100 shares during the period. Finally, Strs Ohio boosted its position in Vicor by 128.6% during the fourth quarter. Strs Ohio now owns 9,600 shares of the electronics maker's stock worth $1,052,000 after purchasing an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Trading Up 8.0%

VICR stock opened at $253.50 on Tuesday. Vicor Corporation has a 12-month low of $45.44 and a 12-month high of $382.65. The business's 50-day moving average is $265.95 and its 200 day moving average is $232.33. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 81.25 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts' expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business's revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, equities analysts forecast that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings raised Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Roth Capital lifted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Finally, Craig Hallum upped their price objective on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $381.67.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares of the company's stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip D. Davies sold 3,072 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the transaction, the vice president directly owned 1,920 shares of the company's stock, valued at approximately $406,444.80. This represents a 61.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 312,751 shares of company stock worth $101,273,682. 28.30% of the stock is owned by corporate insiders.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company's product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.

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