Graham Capital Management L.P. Makes New Investment in Vicor Co. (NASDAQ:VICR)

Graham Capital Management L.P. acquired a new stake in Vicor Co. (NASDAQ:VICRGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,567 shares of the electronics maker’s stock, valued at approximately $1,521,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Vicor by 1.0% in the first quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker’s stock valued at $92,596,000 after purchasing an additional 12,892 shares during the period. Granahan Investment Management LLC boosted its stake in shares of Vicor by 50.4% in the first quarter. Granahan Investment Management LLC now owns 195,536 shares of the electronics maker’s stock valued at $13,795,000 after purchasing an additional 65,563 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Vicor in the first quarter valued at approximately $5,383,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Vicor by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 155,179 shares of the electronics maker’s stock valued at $10,948,000 after purchasing an additional 4,141 shares during the period. Finally, S Squared Technology LLC boosted its stake in shares of Vicor by 29.7% in the first quarter. S Squared Technology LLC now owns 157,304 shares of the electronics maker’s stock valued at $11,098,000 after purchasing an additional 36,000 shares during the period. Hedge funds and other institutional investors own 42.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VICR. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a report on Friday, July 15th. Needham & Company LLC dropped their price objective on shares of Vicor from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.50.

Insiders Place Their Bets

In other news, Director Estia J. Eichten sold 5,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the director now directly owns 230,329 shares of the company’s stock, valued at $14,971,385. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Estia J. Eichten sold 11,938 shares of Vicor stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.74, for a total transaction of $844,494.12. Following the transaction, the director now directly owns 228,329 shares of the company’s stock, valued at $16,151,993.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Estia J. Eichten sold 5,000 shares of Vicor stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the director now directly owns 230,329 shares in the company, valued at $14,971,385. The disclosure for this sale can be found here. 31.30% of the stock is owned by corporate insiders.

Vicor Stock Performance

VICR opened at $68.73 on Friday. The firm has a 50 day moving average price of $67.13 and a 200 day moving average price of $65.96. The company has a market cap of $3.02 billion, a PE ratio of 81.82 and a beta of 1.12. Vicor Co. has a 1 year low of $50.22 and a 1 year high of $164.76.

Vicor (NASDAQ:VICRGet Rating) last released its earnings results on Thursday, July 21st. The electronics maker reported $0.24 EPS for the quarter. Vicor had a return on equity of 8.81% and a net margin of 10.32%. The company had revenue of $102.19 million during the quarter.

About Vicor

(Get Rating)

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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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