Vicor Corporation $VICR Stock Acquired by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Vicor stake by 5.4% in the third quarter, bringing its holdings to 137,585 shares valued at approximately $39.8 million. Institutional investors collectively own 47.45% of the company.
• Vicor reported strong quarterly growth, with revenue up 78.5% year over year to $197.1 million and EPS of $1.33, slightly exceeding one consensus estimate. Analysts maintain a consensus “Buy” rating with an average price target of $391.67.
• Despite positive operating momentum, company insiders sold 27,053 shares worth about $7.75 million over the past three months, while litigation, patent-enforcement costs and an ITC investigation remain potential risks.

Pinnacle Associates Ltd. boosted its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,585 shares of the electronics maker's stock after purchasing an additional 7,093 shares during the quarter. Pinnacle Associates Ltd. owned about 0.30% of Vicor worth $39,754,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC increased its position in Vicor by 23.5% during the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker's stock worth $122,000 after buying an additional 61 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in shares of Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock worth $56,000 after buying an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock worth $916,000 after buying an additional 68 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of Vicor by 20.0% during the second quarter. First PREMIER Bank now owns 600 shares of the electronics maker's stock worth $228,000 after buying an additional 100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Vicor by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker's stock valued at $75,000 after acquiring an additional 103 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Roth Capital restated a "buy" rating and issued a $375.00 price target on shares of Vicor in a research note on Tuesday, September 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 price objective on shares of Vicor in a research note on Tuesday. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $391.67.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $204.14 on Wednesday. The company has a market capitalization of $9.41 billion, a P/E ratio of 61.12 and a beta of 2.37. Vicor Corporation has a 1 year low of $60.95 and a 1 year high of $382.65. The business's 50 day simple moving average is $228.76 and its 200 day simple moving average is $250.57.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.01. The firm had revenue of $197.11 million during the quarter, compared to analysts' expectations of $187.03 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%. The company's quarterly revenue was up 78.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, sell-side analysts anticipate that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares in the company, valued at approximately $2,626,215,200.70. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Philip Davies sold 3,073 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the transaction, the vice president owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is owned by corporate insiders.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Q3 revenue rose 78.5% year over year to $197.1 million, while diluted EPS increased to $1.33 from $0.63. Revenue exceeded the consensus estimate of $187.03 million, although EPS was slightly below some estimates. Vicor Corporation Q3 Results
• Positive Sentiment: Backlog grew 166% year over year to $406 million, providing stronger visibility into future demand. Gross margin also expanded to 68.3%, and operating cash flow increased to $69.7 million. Vicor Reports Third-Quarter Results
• Positive Sentiment: Management highlighted robust AI demand, demonstrations of its second-generation vertical power delivery technology and the first VPD license granted to an AI OEM. Royalty revenue reached $66.6 million, more than triple the year-ago level. Vicor Earnings Call Highlights AI Demand
• Positive Sentiment: Vicor purchased two additional sites near its Andover operations, potentially enabling nearly a fivefold capacity increase. Needham reaffirmed its buy rating and set a $350 price target. Vicor Key Takeaways
• Neutral Sentiment: EPS of $1.33 beat one consensus measure of $1.32 by $0.01 but missed estimates of $1.37-$1.39 cited by other services, creating a modest earnings-quality concern. Vicor Q3 Earnings Estimate
• Negative Sentiment: Operating expenses rose to $62.5 million, partly because of patent-enforcement fees. Ongoing litigation and an ITC investigation remain risks to profitability and execution. Vicor Revenue and Earnings Report

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power components and systems. The company's products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor's technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.

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