Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Vicor Corp (NASDAQ:VICR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,070 shares of the electronics maker’s stock, valued at approximately $343,000.
Other hedge funds have also added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new stake in Vicor during the fourth quarter valued at approximately $26,000. Neuburgh Advisers LLC lifted its position in shares of Vicor by 115.8% in the 4th quarter. Neuburgh Advisers LLC now owns 1,968 shares of the electronics maker’s stock valued at $74,000 after acquiring an additional 1,056 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Vicor in the 4th quarter valued at approximately $75,000. LS Investment Advisors LLC lifted its position in shares of Vicor by 49.3% in the 4th quarter. LS Investment Advisors LLC now owns 4,298 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 1,419 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Vicor in the 4th quarter valued at approximately $176,000. 30.82% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Northland Securities restated a “buy” rating and issued a $39.00 price target on shares of Vicor in a research report on Wednesday, April 24th. BidaskClub downgraded shares of Vicor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, TheStreet upgraded shares of Vicor from a “c” rating to a “b-” rating in a research report on Thursday, January 24th.
Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, February 26th. The electronics maker reported $0.17 EPS for the quarter. The business had revenue of $73.72 million during the quarter. Vicor had a net margin of 10.99% and a return on equity of 18.08%. As a group, research analysts forecast that Vicor Corp will post 0.62 earnings per share for the current year.
In other Vicor news, Director Samuel J. Anderson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total value of $180,300.00. Following the transaction, the director now owns 10,223 shares in the company, valued at approximately $368,641.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director H Allen Henderson sold 1,886 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total transaction of $69,914.02. Following the completion of the transaction, the director now owns 2,105 shares in the company, valued at approximately $78,032.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,443 shares of company stock worth $729,440. Company insiders own 37.40% of the company’s stock.
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Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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