Vicor Corporation (NASDAQ:VICR) Shares Bought 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 raised its stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,000 shares of the electronics maker's stock after acquiring an additional 30,000 shares during the quarter. Vicor makes up 2.0% of Herald Investment Management Ltd's portfolio, making the stock its 13th biggest position. Herald Investment Management Ltd owned 0.51% of Vicor worth $10,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Vicor by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker's stock worth $9,970,000 after buying an additional 761 shares during the last quarter. Blair William & Co. IL lifted its position in shares of 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 during the last quarter. Manchester Capital Management LLC lifted its position in shares of 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 during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Vicor by 29.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock worth $16,654,000 after buying an additional 80,105 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Vicor in the 1st quarter worth about $405,000. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Vicor Price Performance

Shares of VICR stock traded up $0.82 during trading hours on Friday, reaching $46.84. The stock had a trading volume of 349,753 shares, compared to its average volume of 488,638. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The firm has a 50-day simple moving average of $45.86 and a 200-day simple moving average of $48.03. The firm has a market capitalization of $2.12 billion, a PE ratio of 32.08 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 11.32% and a net margin of 15.44%. The company had revenue of $141.05 million during the quarter, compared to analyst estimates of $96.43 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm's quarterly revenue was up 64.3% on a year-over-year basis.

Insider Buying and Selling

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the firm'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 transaction, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. This trade represents a 82.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.30% of the company's stock.

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.