Pinnacle Associates Ltd. Purchases 7,093 Shares of Vicor Corporation $VICR

Pinnacle Associates Ltd. increased its position in shares of Vicor Corporation (NASDAQ:VICR) by 5.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,585 shares of the electronics maker’s stock after purchasing an additional 7,093 shares during the period. Pinnacle Associates Ltd.’s holdings in Vicor were worth $39,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in Vicor by 1,244.4% during the third quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 112 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the last quarter. GK Wealth Management LLC bought a new stake in Vicor during the third quarter worth $52,000. Elevation Wealth Partners LLC bought a new stake in Vicor during the second quarter worth $76,000. Finally, Blue Trust Inc. lifted its stake in Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Insider Activity at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares in the company, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the sale, the vice president directly owned 1,920 shares in the company, valued at approximately $341,184. The trade was a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,053 shares of company stock valued at $7,745,984 in the last quarter. Insiders own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VICR shares. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Roth Capital restated a “buy” rating and set a $375.00 price objective on shares of Vicor in a research report on Tuesday, September 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $350.00 price objective on shares of Vicor in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $391.67.

Vicor Trading Up 7.1%

VICR opened at $204.14 on Wednesday. The company’s 50 day moving average is $228.76 and its 200-day moving average is $250.57. Vicor Corporation has a 1-year low of $60.95 and a 1-year high of $382.65. The company has a market cap of $9.41 billion, a P/E ratio of 61.12 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. The company had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm’s revenue was up 78.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities analysts forecast that Vicor Corporation will post 4.07 EPS for the current year.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Q3 revenue rose 78.5% year over year to $197.1 million, while diluted EPS increased to $1.33 from $0.63. Revenue exceeded the consensus estimate of $187.03 million, although EPS was slightly below some estimates. Vicor Corporation Q3 Results
• Positive Sentiment: Backlog grew 166% year over year to $406 million, providing stronger visibility into future demand. Gross margin also expanded to 68.3%, and operating cash flow increased to $69.7 million. Vicor Reports Third-Quarter Results
• Positive Sentiment: Management highlighted robust AI demand, demonstrations of its second-generation vertical power delivery technology and the first VPD license granted to an AI OEM. Royalty revenue reached $66.6 million, more than triple the year-ago level. Vicor Earnings Call Highlights AI Demand
• Positive Sentiment: Vicor purchased two additional sites near its Andover operations, potentially enabling nearly a fivefold capacity increase. Needham reaffirmed its buy rating and set a $350 price target. Vicor Key Takeaways
• Neutral Sentiment: EPS of $1.33 beat one consensus measure of $1.32 by $0.01 but missed estimates of $1.37-$1.39 cited by other services, creating a modest earnings-quality concern. Vicor Q3 Earnings Estimate
• Negative Sentiment: Operating expenses rose to $62.5 million, partly because of patent-enforcement fees. Ongoing litigation and an ITC investigation remain risks to profitability and execution. Vicor Revenue and Earnings Report

Vicor Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.