Trexquant Investment LP Acquires New 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 position in Vicor Corporation (NASDAQ:VICR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,323 shares of the electronics maker's stock, valued at approximately $810,000.

A number of other institutional investors have also recently added to or reduced their stakes in VICR. Optimum Investment Advisors acquired a new position in Vicor in the 1st quarter worth $26,000. Manchester Capital Management LLC lifted its holdings in Vicor by 76.8% in the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after buying an additional 265 shares in the last quarter. KBC Group NV acquired a new position in Vicor in the 1st quarter worth $57,000. CWM LLC lifted its holdings in Vicor by 33.3% in the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after buying an additional 802 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Vicor by 12.6% in the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock worth $230,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Stock Performance

Shares of Vicor stock traded down $0.19 during trading on Friday, reaching $50.77. The company had a trading volume of 260,283 shares, compared to its average volume of 297,963. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 34.77 and a beta of 1.76. The firm's fifty day moving average is $48.16 and its 200-day moving average is $47.68. Vicor Corporation has a fifty-two week low of $36.08 and a fifty-two week high of $65.70.

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

Insider Buying and Selling at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the business'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 owned 1,217 shares of the company's stock, valued at $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VICR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $43.00.

Vicor Company 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.