Apis Capital Advisors LLC Invests $658,000 in Vicor Corporation $VICR

Apis Capital Advisors LLC bought a new position in Vicor Corporation (NASDAQ:VICR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the electronics maker’s stock, valued at approximately $658,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Vicor by 2.5% during the 4th 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 grew its position in Vicor by 4.6% during the 3rd 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 grew its position in Vicor by 1,542.2% during the 4th 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 grew its position in Vicor by 3,918.9% during the 4th 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 grew its position in Vicor by 39.6% during the 4th 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 owned by institutional investors and hedge funds.

Vicor Stock Up 1.5%

NASDAQ:VICR opened at $325.17 on Thursday. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $361.89. The firm has a market capitalization of $14.82 billion, a P/E ratio of 108.75 and a beta of 2.36. The stock’s fifty day simple moving average is $268.96 and its 200-day simple moving average is $190.09.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction 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 directly owned 8,895,090 shares in the company, valued at $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 494,175 shares of company stock valued at $119,770,174. 28.30% of the stock is owned by company insiders.

About Vicor

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.