Edgestream Partners L.P. Takes $1.56 Million Position in Vicor Corporation $VICR

Edgestream Partners L.P. purchased a new position in shares of Vicor Corporation (NASDAQ:VICR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,369 shares of the electronics maker’s stock, valued at approximately $1,559,000. Edgestream Partners L.P. owned 0.08% of Vicor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Vicor by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock valued at $269,000 after buying an additional 415 shares during the period. Blair William & Co. IL raised its position in Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock worth $230,000 after acquiring an additional 550 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Vicor by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after acquiring an additional 761 shares during the period. Finally, Royal Bank of Canada raised its holdings in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Up 2.4%

Shares of VICR opened at $96.83 on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 52.91 and a beta of 1.94. The company’s fifty day moving average is $77.34 and its two-hundred day moving average is $57.71. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $101.00.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period in the prior year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.

Analyst Ratings Changes

A number of brokerages have issued reports on VICR. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Insider Activity at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $87.69, for a total value of $175,380.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert Gendron sold 5,374 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $94.00, for a total value of $505,156.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 142,810 shares of company stock valued at $12,764,878 over the last three months. Insiders own 31.30% of the company’s stock.

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.