Trexquant Investment LP Takes $810,000 Position in Vicor Corporation $VICR

Key Points

• Trexquant Investment LP acquired a new stake in Vicor Corporation, purchasing 17,323 shares valued at approximately $810,000 in the first quarter.
• Vicor Corporation reported a 64.3% year-over-year revenue increase, reaching $141.05 million, with earnings per share (EPS) of $0.91 for the quarter.
• Wall Street analysts have raised Vicor's rating from "hold" to "buy," reflecting growing confidence in the company's performance, with an average target price of $43.00.

Trexquant Investment LP acquired a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,323 shares of the electronics maker's stock, valued at approximately $810,000.

A number of other institutional investors also recently modified their holdings of VICR. Optimum Investment Advisors bought a new stake in shares of Vicor in the first quarter valued at about $26,000. Manchester Capital Management LLC boosted its position in shares of Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 265 shares during the period. KBC Group NV bought a new stake in shares of Vicor in the first quarter valued at about $57,000. CWM LLC boosted its position in shares of Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after acquiring an additional 802 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock valued at $230,000 after acquiring an additional 550 shares during the period. Institutional investors own 47.45% of the company's stock.

Vicor Price Performance

VICR traded up $0.03 on Wednesday, hitting $50.09. 189,648 shares of the stock were exchanged, compared to its average volume of 297,695. Vicor Corporation has a 12 month low of $34.68 and a 12 month high of $65.70. The business has a 50-day moving average of $47.89 and a two-hundred day moving average of $47.80. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 34.31 and a beta of 1.76.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.73. The business had revenue of $141.05 million during the quarter, compared to analysts' expectations of $96.43 million. Vicor had a net margin of 15.44% and a return on equity of 11.32%. Vicor's revenue was up 64.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share.

Analysts Set New Price Targets

VICR has been the subject of a number of recent research reports. 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 Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $43.00.

Insider Buying and Selling

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. The trade was a 82.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.30% of the company's stock.

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.