Alight Capital Management LP Invests $9.86 Million in Vicor Corporation $VICR

Alight Capital Management LP acquired a new position in shares of Vicor Corporation (NASDAQ:VICR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90,000 shares of the electronics maker’s stock, valued at approximately $9,864,000. Vicor comprises approximately 2.5% of Alight Capital Management LP’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after acquiring an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Vicor by 39.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock worth $41,000,000 after acquiring an additional 106,206 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of analyst reports. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Needham & Company LLC raised their target price on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $228.33.

Vicor Price Performance

NASDAQ VICR opened at $325.17 on Thursday. The business has a 50 day simple moving average of $268.96 and a 200 day simple moving average of $190.09. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The stock has a market capitalization of $14.82 billion, a P/E ratio of 108.75 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Equities analysts expect that Vicor Corporation will post 2.71 earnings per share for the current year.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 494,175 shares of company stock valued at $119,770,174 in the last 90 days. 28.30% of the stock is currently owned by corporate insiders.

Vicor 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.