Kennedy Capital Management LLC Raises Stock Position in Vicor Co. (NASDAQ:VICR)

Kennedy Capital Management LLC grew its holdings in shares of Vicor Co. (NASDAQ:VICR) by 178.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,862 shares of the electronics maker’s stock after buying an additional 115,966 shares during the quarter. Kennedy Capital Management LLC owned 0.41% of Vicor worth $6,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Byrne Asset Management LLC purchased a new stake in Vicor during the fourth quarter valued at approximately $35,000. PNC Financial Services Group Inc. raised its holdings in Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares during the period. New Mexico Educational Retirement Board bought a new stake in Vicor in the first quarter worth $172,000. Truist Financial Corp boosted its stake in Vicor by 35.7% during the fourth quarter. Truist Financial Corp now owns 5,000 shares of the electronics maker’s stock worth $225,000 after buying an additional 1,315 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Vicor during the first quarter valued at $227,000. Institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 1.6 %

Shares of VICR traded up $0.66 during trading hours on Wednesday, reaching $41.36. 8,551 shares of the company traded hands, compared to its average volume of 236,136. The stock’s fifty day moving average price is $35.14 and its 200 day moving average price is $36.50. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 40.70 and a beta of 1.50. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $97.69.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 23rd. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The company had revenue of $85.90 million during the quarter, compared to the consensus estimate of $81.77 million. Vicor had a return on equity of 4.98% and a net margin of 7.20%. Vicor’s revenue was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICR. Craig Hallum lowered their target price on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Friday, May 24th.

Insider Buying and Selling

In other Vicor news, VP Nancy L. Grava sold 1,277 shares of Vicor stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 2,150 shares of company stock valued at $72,275 over the last quarter. 31.30% of the stock is owned by corporate insiders.

Vicor 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.