Andar Capital Management HK Ltd Invests $3.51 Million in Vicor Corporation $VICR

Andar Capital Management HK Ltd bought a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,000 shares of the electronics maker’s stock, valued at approximately $3,507,000. Vicor accounts for approximately 3.8% of Andar Capital Management HK Ltd’s holdings, making the stock its 9th biggest position.

Several other large investors have also made changes to their positions in VICR. Royal Bank of Canada raised its stake in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC increased its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on VICR shares. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $228.33.

Vicor Trading Down 1.1%

NASDAQ VICR opened at $342.09 on Friday. The stock has a market cap of $15.59 billion, a PE ratio of 114.41 and a beta of 2.33. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The stock has a fifty day simple moving average of $229.31 and a 200-day simple moving average of $168.46.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. Research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,408,163 shares in the company, valued at approximately $1,667,596,891.75. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 716,709 shares of company stock worth $140,818,720. Corporate insiders own 31.30% of the company’s stock.

Vicor Company 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.