Vicor Corporation $VICR Stock: CoreCap Advisors LLC Boosts Position

Key Points

• CoreCap Advisors increased its Vicor position by 668% in the third quarter to 8,171 shares valued at approximately $2.36 million. Institutional investors collectively own 47.45% of the company.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $391.67; Roth Capital and Needham issued targets of $375 and $350, respectively.
• Vicor reported quarterly EPS of $1.04, beating estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. However, insiders sold 27,053 shares worth about $7.75 million over the past 90 days.

CoreCap Advisors LLC grew its holdings in Vicor Corporation (NASDAQ:VICR - Free Report) by 668.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,171 shares of the electronics maker's stock after purchasing an additional 7,107 shares during the period. CoreCap Advisors LLC's holdings in Vicor were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Andar Capital Management HK Ltd purchased a new stake in Vicor in the 2nd quarter valued at about $101,100,000. BlackRock Inc. purchased a new stake in shares of Vicor in the 2nd quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock worth $86,340,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its position in shares of Vicor by 57.1% during the 4th quarter. Ashford Capital Management Inc. now owns 353,856 shares of the electronics maker's stock worth $38,783,000 after purchasing an additional 128,664 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VICR shares. Roth Capital reissued a "buy" rating and issued a $375.00 target price on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings lowered Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 1st. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Needham & Company LLC increased their target price on Vicor from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $391.67.

Insider Buying and Selling

In related news, Director Zmira Lavie sold 908 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director directly owned 908 shares of the company's stock, valued at $227,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm's stock in a transaction dated 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 directly owned 8,307,390 shares in the company, valued at approximately $2,626,215,200.70. The trade was a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,053 shares of company stock worth $7,745,984 in the last ninety days. 28.30% of the stock is owned by corporate insiders.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $266.07 on Friday. Vicor Corporation has a fifty-two week low of $48.53 and a fifty-two week high of $382.65. The firm has a market capitalization of $12.27 billion, a PE ratio of 85.28 and a beta of 2.37. The stock's 50-day simple moving average is $227.57 and its 200-day simple moving average is $246.95.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the company posted $0.91 earnings per share. The firm's quarterly revenue was up 49.3% compared to the same quarter last year. On average, sell-side analysts forecast that Vicor Corporation will post 4.07 earnings per share for the current fiscal year.

About Vicor

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company's product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor's Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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