West Tower Group LLC Purchases New Position in Vicor Co. (NASDAQ:VICR)

West Tower Group LLC purchased a new stake in Vicor Co. (NASDAQ:VICR) during the 3rd quarter, HoldingsChannel reports. The fund purchased 7,000 shares of the electronics maker’s stock, valued at approximately $295,000.

Several other institutional investors have also bought and sold shares of VICR. Millennium Management LLC acquired a new stake in Vicor in the 2nd quarter valued at $5,019,000. Federated Hermes Inc. acquired a new stake in Vicor in the 2nd quarter valued at $4,192,000. Kennedy Capital Management LLC boosted its stake in Vicor by 178.7% in the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock valued at $6,916,000 after buying an additional 115,966 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock valued at $18,012,000 after buying an additional 66,775 shares in the last quarter. Finally, Bruce & Co. Inc. boosted its stake in Vicor by 55.6% in the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

Vicor stock opened at $56.66 on Tuesday. The firm has a market cap of $2.56 billion, a P/E ratio of 118.04 and a beta of 1.48. The business’s fifty day moving average is $46.21 and its two-hundred day moving average is $39.45. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VICR shares. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum boosted their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd.

Insider Transactions at Vicor

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares in the company, valued at $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.00% of the stock is currently owned by corporate 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.