Vicor Corporation $VICR Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in Vicor Corporation (NASDAQ:VICR) by 87.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,874 shares of the electronics maker’s stock after acquiring an additional 38,756 shares during the period. Tidal Investments LLC’s holdings in Vicor were worth $31,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. bought a new stake in Vicor during the fourth quarter worth approximately $27,000. Harbour Investments Inc. bought a new position in Vicor during the 4th quarter valued at $32,000. Allworth Financial LP increased its position in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Vicor in the fourth quarter valued at $36,000. 47.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00. Following the completion of the sale, the chief executive officer directly owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. The trade was a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 197,536 shares of company stock valued at $65,291,738. 28.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Roth Capital raised their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum upped their price target on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC reduced their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Price Performance

VICR opened at $183.87 on Thursday. The company has a market capitalization of $8.48 billion, a PE ratio of 58.93 and a beta of 2.35. Vicor Corporation has a fifty-two week low of $47.56 and a fifty-two week high of $382.65. The business has a 50-day moving average of $220.92 and a 200-day moving average of $236.64.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. On average, equities research analysts expect that Vicor Corporation will post 3.28 earnings per share for the current fiscal year.

Vicor Company Profile

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.