Private Advisor Group LLC Makes New $405,000 Investment in Vicor Corporation (NASDAQ:VICR)

Private Advisor Group LLC purchased a new position in Vicor Corporation (NASDAQ:VICR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,659 shares of the electronics maker’s stock, valued at approximately $405,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Optimum Investment Advisors acquired a new position in Vicor in the first quarter worth approximately $26,000. Ashford Capital Management Inc. grew its position in Vicor by 2.5% in the fourth quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker’s stock worth $1,167,000 after buying an additional 600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 purchasing an additional 654 shares in the last quarter. CWM LLC grew its position in Vicor by 33.3% during the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock worth $150,000 after purchasing an additional 802 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Vicor by 8.2% during the 4th quarter. MetLife Investment Management LLC now owns 13,700 shares of the electronics maker’s stock worth $662,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Up 0.2%

Vicor stock opened at $45.81 on Thursday. The company’s fifty day simple moving average is $45.38 and its 200-day simple moving average is $48.33. Vicor Corporation has a 12 month low of $34.27 and a 12 month high of $65.70. The stock has a market cap of $2.07 billion, a P/E ratio of 31.38 and a beta of 1.75.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.18 by $0.73. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The business had revenue of $141.05 million for the quarter, compared to analysts’ expectations of $96.43 million. During the same period in the previous year, the company posted $0.10 EPS. Vicor’s revenue was up 64.3% on a year-over-year basis.

Insider Activity at Vicor

In other news, Director Andrew D’amico sold 5,813 shares of the business’s stock in a transaction on 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 directly owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 31.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th.

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.