Victory Capital Management Inc. Increases Stake in Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. has increased its ownership in Vicor Co. (NASDAQ:VICR) by 14.2% during the third quarter of the year, according to its latest filing with the Securities and Exchange Commission (SEC). Following this increase, Victory Capital now holds 9,683 shares of Vicor’s stock after purchasing an additional 1,201 shares. The value of these holdings reached approximately $408,000 according to their most recent SEC filing.

Other institutional investors have also been active in the Vicor market recently. For instance, Headlands Technologies LLC significantly raised its stake in Vicor by an astonishing 98.8% in the second quarter, now owning 1,147 shares valued at around $38,000 after acquiring 570 more shares. Similarly, GAMMA Investing LLC increased its holdings by 202.4% in the third quarter, bringing their total to 1,001 shares worth approximately $42,000 after an additional purchase of 670 shares.

Moreover, Eastern Bank entered the market by acquiring a new stake in Vicor during the third quarter, also valued around $42,000. Point72 DIFC Ltd increased its holdings in the company by 66.7% in the second quarter and now possesses 2,191 shares, valued at about $73,000 after purchasing an additional 877 shares. Additionally, CWM LLC raised its stake by an impressive 226.6% in the third quarter, now owning 2,283 shares valued at approximately $96,000 after buying 1,584 more shares. In total, institutional investors hold about 47.45% of Vicor's stock.

Insider Activity

In other news related to Vicor, Vice President Alex Gusinov sold 856 shares of the company’s stock on November 13th. This sale, which occurred at an average price of $59.01 per share, amounted to a total of $50,512.56. After this transaction, Gusinov now owns 16,018 shares of Vicor, valued at approximately $945,222.18, indicating a decrease of 5.07% in his position. This transaction was part of a filing made with the SEC, where it was disclosed that corporate insiders own approximately 31.00% of Vicor’s stock.

Analyst Perspectives

A number of analysts have recently shared their opinions regarding Vicor. In a report dated October 23rd, Craig Hallum raised its price target for Vicor from $35.00 to $43.00, maintaining a “hold” rating. Similarly, Needham & Company LLC reaffirmed its “hold” rating on Vicor’s shares on the same day.

On the trading front, Vicor stock opened at $53.21 recently. The company has a market capitalization of around $2.40 billion and a price-to-earnings (P/E) ratio of 110.86. The stock has a beta of 1.48, indicating higher volatility compared to the market. Vicor's fifty-day moving average stands at $47.56, while its 200-day moving average is at $39.94. Notably, the company's stock has experienced a 52-week low of $30.90 and a high of $61.05.

Vicor Co. recently announced its quarterly earnings on October 22nd, revealing earnings of $0.26 per share, which was above analysts’ expectations of $0.13. The company reported revenues of $93.17 million, surpassing the anticipated $85.23 million. However, the revenue marked a decline of 13.6% compared to the same quarter last year, when it earned $0.37 per share.

About Vicor Corporation

Vicor Corporation, along with its subsidiaries, specializes in designing, developing, manufacturing, and marketing modular power components and power systems for electrical power conversion across various regions including the United States, Europe, and the Asia Pacific. The company offers a wide array of products including brick-format DC-DC converters, AC line rectification, input filtering, and power factor correction components among other electrical and mechanical accessories.

Further Insights

• Five stocks we like better than Vicor.
• Understanding The Importance Of VWAP: A Key Trading Indicator.
• The Latest 13F Filings Are Available: Discover Where Major Investments Are Moving.
• Stock Market Upgrades: What You Need to Know.
• Three Penny Stocks Poised For Potential Breakouts in 2025.
• Calculating Return on Investment (ROI): A How-To Guide.
• Top Agricultural Stocks To Watch: FMC, Mosaic, Nutrien.

Keep current with Vicor’s market performance and investor insights.

investment, stocks, Vicor