AlphaQuest LLC Reduces Stock Holdings in Vicor Corporation $VICR

AlphaQuest LLC trimmed its position in Vicor Corporation (NASDAQ:VICR) by 66.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,133 shares of the electronics maker’s stock after selling 4,255 shares during the quarter. AlphaQuest LLC’s holdings in Vicor were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC boosted its stake in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the period. Colrain Capital LLC lifted its holdings in shares of Vicor by 14.5% in the 2nd quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock worth $10,442,000 after acquiring an additional 29,200 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Vicor by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 134,170 shares of the electronics maker’s stock worth $6,086,000 after purchasing an additional 4,064 shares during the period. Prescott Group Capital Management L.L.C. increased its holdings in Vicor by 5.9% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 101,096 shares of the electronics maker’s stock valued at $4,586,000 after purchasing an additional 5,590 shares during the last quarter. Finally, Manatuck Hill Partners LLC raised its position in Vicor by 13.5% in the second quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the electronics maker’s stock valued at $4,536,000 after purchasing an additional 11,900 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VICR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, October 22nd. Finally, Roth Mkm restated a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Vicor has an average rating of “Moderate Buy” and an average target price of $118.33.

Insider Buying and Selling

In other news, Director Andrew D’amico sold 200 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $155.00, for a total value of $31,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief financial officer directly owned 875 shares in the company, valued at $96,250. This trade represents a 85.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,306 shares of company stock worth $13,918,540 over the last 90 days. 31.30% of the stock is owned by insiders.

Vicor Price Performance

Shares of NASDAQ VICR opened at $155.96 on Friday. The business has a 50-day moving average of $134.02 and a two-hundred day moving average of $88.53. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 85.22 and a beta of 1.90. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $177.00.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.