Cwm LLC Increases Stock Holdings in Vicor Co. (NASDAQ:VICR)

Cwm LLC grew its holdings in shares of Vicor Co. (NASDAQ:VICR) by 226.6% during the third quarter, Holdings Channel reports. The firm owned 2,283 shares of the electronics maker’s stock after purchasing an additional 1,584 shares during the quarter. Cwm LLC’s holdings in Vicor were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake 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 worth $50,000 after buying an additional 303 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after acquiring an additional 552 shares in the last quarter. Headlands Technologies LLC grew its stake in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares in the last quarter. GAMMA Investing LLC increased its holdings in Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares during the period. Finally, Victory Capital Management Inc. raised its position in Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after purchasing an additional 808 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the topic of several analyst reports. Craig Hallum raised their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday.

Insider Transactions at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the transaction, the vice president now owns 15,763 shares in the company, valued at $564,788.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 31.30% of the company’s stock.

Vicor Stock Down 0.2 %

Shares of VICR opened at $46.32 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 46.32 and a beta of 1.51. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $51.89. The stock has a 50 day moving average price of $39.51 and a 200 day moving average price of $36.67.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the business earned $0.37 EPS. Vicor’s revenue for the quarter was down 13.6% compared to the same quarter last year.

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.