Squarepoint Ops LLC Takes Position in Vicor Co. (NASDAQ:VICR)

Squarepoint Ops LLC bought a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 23,300 shares of the electronics maker's stock, valued at approximately $1,126,000. Squarepoint Ops LLC owned 0.05% of Vicor at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC acquired a new position in Vicor during the fourth quarter worth $223,000. Nuveen Asset Management LLC boosted 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 worth $8,214,000 after purchasing an additional 110,162 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Vicor during the 4th quarter worth $616,000. Deutsche Bank AG increased its holdings in shares of Vicor by 125.4% in the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock valued at $1,384,000 after purchasing an additional 15,932 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vicor in the fourth quarter valued at about $477,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Vicor Price Performance

Vicor stock traded up $0.30 during mid-day trading on Wednesday, hitting $44.19. 154,254 shares of the company were exchanged, compared to its average volume of 240,529. Vicor Co. has a 12-month low of $31.65 and a 12-month high of $65.70. The company has a market capitalization of $2.00 billion, a P/E ratio of 84.98 and a beta of 1.79. The business's 50 day simple moving average is $44.60 and its two-hundred day simple moving average is $50.13.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.23). The company had revenue of $93.97 million for the quarter, compared to analysts' expectations of $96.63 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS.

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.