Vicor (VICR) Shares Up 11.3%

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Shares of Vicor Corp (NASDAQ:VICR) shot up 11.3% on Wednesday . The stock traded as high as $47.50 and last traded at $42.70. 1,585,876 shares changed hands during trading, an increase of 527% from the average session volume of 253,088 shares. The stock had previously closed at $38.37.

Separately, BidaskClub downgraded Vicor from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th.

The company has a market cap of $1.84 billion, a price-to-earnings ratio of 148.39 and a beta of 1.05.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 16th. The electronics maker reported $0.32 earnings per share for the quarter. The business had revenue of $78.04 million for the quarter. Vicor had a return on equity of 8.70% and a net margin of 5.25%.

In other news, CAO Richard J. Nagel, Jr. sold 12,500 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $58.49, for a total value of $731,125.00. Following the completion of the transaction, the chief accounting officer now owns 3,500 shares of the company’s stock, valued at approximately $204,715. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Alex Gusinov sold 2,723 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $61.02, for a total value of $166,157.46. Following the completion of the transaction, the vice president now directly owns 1,064 shares of the company’s stock, valued at approximately $64,925.28. The disclosure for this sale can be found here. In the last three months, insiders sold 40,396 shares of company stock valued at $2,426,604. Insiders own 37.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of Vicor in the 2nd quarter valued at about $12,511,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Vicor by 12,500.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,080 shares of the electronics maker’s stock valued at $439,000 after buying an additional 10,000 shares during the period. Capital Impact Advisors LLC acquired a new position in shares of Vicor in the 2nd quarter valued at about $1,694,000. Piedmont Investment Advisors LLC acquired a new position in shares of Vicor in the 2nd quarter valued at about $167,000. Finally, Federated Investors Inc. PA lifted its holdings in shares of Vicor by 13,003.9% in the 2nd quarter. Federated Investors Inc. PA now owns 57,002 shares of the electronics maker’s stock valued at $2,482,000 after buying an additional 56,567 shares during the period. 25.72% of the stock is owned by institutional investors and hedge funds.

About Vicor (NASDAQ:VICR)

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.

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