Tidal Investments LLC Grows Stock Position in Vicor Corporation $VICR

Key Points

• Tidal Investments increased its Vicor position by 87.8% in the second quarter, ending with 82,874 shares valued at approximately $31.5 million. Institutional investors collectively own 47.45% of Vicor.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $381.67.
• Vicor reported quarterly EPS of $1.04, surpassing estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. Shares opened at $183.87, well below their 52-week high of $382.65.

Tidal Investments LLC raised its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 87.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,874 shares of the electronics maker's stock after acquiring an additional 38,756 shares during the quarter. Tidal Investments LLC owned 0.18% of Vicor worth $31,474,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Andar Capital Management HK Ltd acquired a new stake in Vicor during the 2nd quarter valued at $101,100,000. California State Teachers Retirement System lifted its holdings in Vicor by 38,392.1% in the 2nd quarter. California State Teachers Retirement System now owns 10,377,868 shares of the electronics maker's stock worth $3,941,307,000 after buying an additional 10,350,907 shares in the last quarter. BlackRock Inc. acquired a new position in Vicor in the 2nd quarter worth $934,612,000. The Manufacturers Life Insurance Company boosted its position in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock valued at $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Weiss Ratings upgraded Vicor from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Needham & Company LLC cut their target price on Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Zacks Research cut Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Finally, Roth Capital raised their price target on shares of Vicor from $285.00 to $375.00 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $381.67.

Vicor Stock Down 4.9%

Shares of NASDAQ VICR opened at $183.87 on Thursday. The stock's 50 day moving average price is $220.92 and its two-hundred day moving average price is $236.64. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65. The stock has a market capitalization of $8.48 billion, a P/E ratio of 58.93 and a beta of 2.35.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share 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 the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business's quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, analysts anticipate that Vicor Corporation will post 3.28 EPS for the current year.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Friday, June 26th. The stock was sold at an average price of $323.05, for a total transaction of $6,461,000.00. Following the sale, the chief executive officer owned 8,428,090 shares of the company's stock, valued at $2,722,694,474.50. The trade was a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 197,536 shares of company stock valued at $65,291,738. Corporate insiders own 28.30% of the company's stock.

About Vicor

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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