Vicor Corporation (NASDAQ:VICR) Position Boosted by Herald Investment Management Ltd

Key Points

• Herald Investment Management Ltd increased its stake in Vicor Corporation by 15% in the 1st quarter, owning 230,000 shares valued at approximately $10.75 million, making it the 13th largest position in their portfolio.
• Vicor reported a significant earnings surprise for the last quarter, with earnings per share of $0.91, surpassing estimates by $0.73 and showing a 64.3% year-over-year revenue growth.
• Several institutions, including Pinnacle Associates Ltd. and Nuveen Asset Management LLC, have also increased their ownership stakes in Vicor, highlighting growing institutional interest in the company.

Herald Investment Management Ltd lifted its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 15.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,000 shares of the electronics maker's stock after purchasing an additional 30,000 shares during the quarter. Vicor accounts for about 2.0% of Herald Investment Management Ltd's holdings, making the stock its 13th largest holding. Herald Investment Management Ltd owned approximately 0.51% of Vicor worth $10,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Chapin Davis Inc. increased its holdings in shares of Vicor by 265.0% during the 1st quarter. Chapin Davis Inc. now owns 36,500 shares of the electronics maker's stock valued at $1,707,000 after purchasing an additional 26,500 shares in the last quarter. Nuveen Asset Management LLC boosted its position in 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 during the period. Principal Financial Group Inc. lifted its position in shares of Vicor by 2.5% during the first quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock worth $5,375,000 after purchasing an additional 2,766 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Vicor by 125.4% in the fourth quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock valued at $1,384,000 after acquiring an additional 15,932 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Vicor in the 4th quarter worth approximately $477,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VICR. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Buying and Selling at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the transaction, the director directly owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.30% of the stock is currently owned by corporate insiders.

Vicor Stock Up 3.8%

Shares of VICR stock traded up $1.76 on Tuesday, reaching $48.04. The company's stock had a trading volume of 231,329 shares, compared to its average volume of 292,123. The company has a market capitalization of $2.16 billion, a P/E ratio of 32.90 and a beta of 1.73. Vicor Corporation has a 12-month low of $34.27 and a 12-month high of $65.70. The stock's 50 day simple moving average is $45.92 and its 200-day simple moving average is $47.89.

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 (EPS) for the quarter, topping 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 firm had revenue of $141.05 million during the quarter, compared to analysts' expectations of $96.43 million. During the same period in the prior year, the company posted $0.10 earnings per share. The company's revenue for the quarter was up 64.3% compared to the same quarter last year.

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.