171,530 Shares in Vicor Corporation $VICR Acquired by Nuveen LLC

Nuveen LLC bought a new position in shares of Vicor Corporation (NASDAQ:VICR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 171,530 shares of the electronics maker’s stock, valued at approximately $8,024,000. Nuveen LLC owned approximately 0.38% of Vicor as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Optimum Investment Advisors bought a new stake in Vicor during the 1st quarter worth approximately $26,000. Manchester Capital Management LLC increased its stake in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. KBC Group NV bought a new stake in Vicor during the 1st quarter worth approximately $57,000. CWM LLC increased its stake 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, Blair William & Co. IL increased its stake in Vicor by 12.6% during the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock worth $230,000 after purchasing an additional 550 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Vicor

In related news, Director Andrew D’amico sold 5,813 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the transaction, the director directly owned 1,217 shares of the company’s stock, valued at approximately $76,671. This trade represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.30% of the company’s stock.

Vicor Stock Up 9.1%

Shares of VICR opened at $50.95 on Friday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 34.90 and a beta of 1.73. Vicor Corporation has a twelve month low of $34.27 and a twelve month high of $65.70. The company has a 50 day moving average of $46.50 and a 200-day moving average of $47.82.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $141.05 million during the quarter, compared to analysts’ expectations of $96.43 million. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was up 64.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VICR. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Vicor has an average rating of “Buy” and an average target price of $43.00.

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.