Virtu Financial LLC Acquires Shares of 5,286 Vicor Corporation $VICR

Key Points

• Virtu Financial LLC has invested approximately $247,000 in Vicor Corporation, acquiring 5,286 shares during the first quarter.
• Over 47% of Vicor's shares are held by institutional investors, with significant stake increases reported from several firms, including JPMorgan Chase & Co. and Nuveen Asset Management LLC.
• Vicor's recent quarterly earnings revealed an EPS of $0.91, far exceeding the consensus estimate of $0.18, driven by a 64.3% year-over-year revenue increase.

Virtu Financial LLC bought a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,286 shares of the electronics maker's stock, valued at approximately $247,000.

Other hedge funds have also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its holdings in Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Optimum Investment Advisors purchased a new stake in Vicor in the first quarter valued at $26,000. Blair William & Co. IL boosted its stake in shares of Vicor by 12.6% during the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock worth $230,000 after acquiring an additional 550 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in shares of Vicor by 2.5% during the 4th quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock worth $1,167,000 after acquiring an additional 600 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Vicor by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock worth $627,000 after acquiring an additional 654 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Sunday. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $43.00.

Vicor Price Performance

Vicor stock traded down $0.2460 during midday trading on Thursday, reaching $46.2440. The company had a trading volume of 20,927 shares, compared to its average volume of 294,084. The company has a market capitalization of $2.08 billion, a P/E ratio of 31.67 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 firm's fifty day simple moving average is $46.32 and its 200-day simple moving average is $47.83.

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

Insider Buying and Selling

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.30% of the company's stock.

Vicor 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.