AWM Investment Company Inc. Sells 39,000 Shares of Vicor Corporation $VICR

AWM Investment Company Inc. reduced its stake in shares of Vicor Corporation (NASDAQ:VICR) by 10.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 333,210 shares of the electronics maker’s stock after selling 39,000 shares during the quarter. Vicor makes up approximately 1.7% of AWM Investment Company Inc.’s investment portfolio, making the stock its 16th largest position. AWM Investment Company Inc. owned approximately 0.74% of Vicor worth $15,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its holdings in Vicor by 55.7% during the 2nd quarter. Raymond James Financial Inc. now owns 61,034 shares of the electronics maker’s stock valued at $2,769,000 after buying an additional 21,838 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Vicor by 221.0% during the second quarter. Qube Research & Technologies Ltd now owns 36,133 shares of the electronics maker’s stock worth $1,639,000 after acquiring an additional 24,876 shares during the period. Cerity Partners LLC purchased a new position in Vicor during the 2nd quarter worth $251,000. Quantbot Technologies LP purchased a new position in Vicor during the 2nd quarter worth $251,000. Finally, Edgestream Partners L.P. bought a new stake in Vicor during the 2nd quarter valued at $1,559,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

VICR has been the subject of several recent research reports. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.00.

Vicor Stock Down 3.1%

NASDAQ:VICR opened at $97.80 on Friday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 53.44 and a beta of 1.94. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $102.19. The firm has a 50 day moving average of $82.39 and a 200 day moving average of $59.71.

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

Insider Activity

In related news, CAO Quentin A. Fendelet sold 16,561 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $88.31, for a total value of $1,462,501.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Philip D. Davies sold 15,763 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $92.07, for a total transaction of $1,451,299.41. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 168,947 shares of company stock valued at $15,402,880. 31.30% of the stock is owned by company insiders.

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.