Prescott Group Capital Management L.L.C. Boosts Holdings in Vicor Co. (NASDAQ:VICR)

Prescott Group Capital Management L.L.C. increased its position in Vicor Co. (NASDAQ:VICR) by 35.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,280 shares of the electronics maker’s stock after buying an additional 31,774 shares during the quarter. Vicor accounts for approximately 0.8% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 23rd biggest holding. Prescott Group Capital Management L.L.C. owned about 0.27% of Vicor worth $5,860,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Truist Financial Corp bought a new stake in Vicor in the fourth quarter valued at $213,000. Savant Capital LLC bought a new stake in Vicor in the fourth quarter valued at $223,000. Victory Capital Management Inc. boosted its holdings in Vicor by 25.0% in the fourth quarter. Victory Capital Management Inc. now owns 12,101 shares of the electronics maker’s stock valued at $585,000 after acquiring an additional 2,418 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Vicor in the fourth quarter valued at $587,000. Finally, Proficio Capital Partners LLC bought a new stake in Vicor in the fourth quarter valued at $616,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Claudio Tuozzolo sold 3,504 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.00, for a total value of $213,744.00. Following the transaction, the vice president now owns 34,622 shares in the company, valued at $2,111,942. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Quentin A. Fendelet sold 440 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,842 shares of company stock worth $363,868 in the last quarter. Corporate insiders own 31.30% of the company’s stock.

Vicor Trading Up 0.3%

Shares of VICR stock opened at $41.67 on Friday. Vicor Co. has a 12 month low of $31.65 and a 12 month high of $65.70. The stock has a market cap of $1.88 billion, a PE ratio of 80.14 and a beta of 1.79. The company’s fifty day moving average price is $46.19 and its 200-day moving average price is $50.85.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $93.97 million for the quarter, compared to the consensus estimate of $96.63 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis.

Analyst Upgrades and Downgrades

VICR has been the topic of several recent analyst reports. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th.

About Vicor

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.