Walleye Capital LLC Acquires Shares of 24,285 Vicor Co. (NASDAQ:VICR)

Walleye Capital LLC acquired a new stake in Vicor Co. (NASDAQ:VICRGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,285 shares of the electronics maker’s stock, valued at approximately $1,713,000. Walleye Capital LLC owned approximately 0.06% of Vicor at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd acquired a new stake in shares of Vicor during the 4th quarter worth approximately $53,000. Captrust Financial Advisors grew its position in shares of Vicor by 109.3% during the 1st quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after buying an additional 469 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Vicor during the 4th quarter worth approximately $80,000. Exane Derivatives acquired a new stake in shares of Vicor during the 1st quarter worth approximately $119,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Vicor by 36.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,487 shares of the electronics maker’s stock worth $246,000 after buying an additional 928 shares during the period. Institutional investors and hedge funds own 42.46% of the company’s stock.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $62.38 on Friday. Vicor Co. has a 52-week low of $50.22 and a 52-week high of $164.76. The firm has a 50 day moving average price of $68.28 and a 200 day moving average price of $65.46. The stock has a market cap of $2.74 billion, a P/E ratio of 74.26 and a beta of 1.12.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Needham & Company LLC decreased their price objective on shares of Vicor from $90.00 to $75.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vicor presently has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Insider Buying and Selling at Vicor

In other Vicor news, Director Estia J. Eichten sold 5,000 shares of Vicor stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the director now owns 230,329 shares of the company’s stock, valued at $14,971,385. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Estia J. Eichten sold 5,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the director now owns 230,329 shares of the company’s stock, valued at $14,971,385. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 11,938 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $70.74, for a total transaction of $844,494.12. Following the completion of the sale, the director now directly owns 228,329 shares in the company, valued at approximately $16,151,993.46. The disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Vicor Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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