Washburn Capital Management Inc. Makes New Investment in Vicor Corporation $VICR

Key Points

• Washburn Capital opened a new Q4 position in Vicor of 7,405 shares (≈$812,000); institutional investors now own about 47.45% of the company.
• Strong quarterly beat: Vicor reported EPS $1.01 vs. $0.38 expected and revenue $362.7M vs. $107.8M, and the stock trades near $180 with a market cap of $8.17B and a PE of ~69.
• Notable insider selling: CEO sold 50,000 shares (~$9.19M) and insiders sold 531,342 shares (~$96.33M) over the last 90 days, though insiders still own ~31.30% of shares.

Washburn Capital Management Inc. acquired a new position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,405 shares of the electronics maker's stock, valued at approximately $812,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after buying an additional 210 shares during the period. Strs Ohio acquired a new stake in Vicor during the 1st quarter worth about $56,000. PNC Financial Services Group Inc. increased its holdings in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 136 shares during the period. GoalVest Advisory LLC acquired a new position in shares of Vicor in the 4th quarter valued at about $57,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VICR shares. Roth Mkm reiterated a "buy" rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $118.33.

Vicor Stock Performance

Shares of VICR opened at $179.99 on Thursday. The firm has a market cap of $8.17 billion, a PE ratio of 68.96 and a beta of 1.97. The firm's 50 day moving average price is $170.96 and its 200 day moving average price is $122.09. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63. The company had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share.

Insider Buying and Selling at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $183.70, for a total value of $9,185,000.00. Following the completion of the sale, the chief executive officer directly owned 8,984,984 shares of the company's stock, valued at $1,650,541,560.80. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Mcnamara sold 7,174 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $190.07, for a total transaction of $1,363,562.18. Following the completion of the sale, the insider directly owned 18,138 shares of the company's stock, valued at $3,447,489.66. This represents a 28.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 531,342 shares of company stock valued at $96,330,469. 31.30% of the stock is currently owned by insiders.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company's product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.

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