Prescott Group Capital Management L.L.C. Has $3.04 Million Stock Position in Vicor Corporation $VICR

Prescott Group Capital Management L.L.C. cut its position in shares of Vicor Corporation (NASDAQ:VICR) by 39.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,096 shares of the electronics maker’s stock after selling 40,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.14% of Vicor worth $3,038,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in Vicor by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after purchasing an additional 10,532 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Vicor by 3.3% in the third quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock worth $613,000 after buying an additional 394 shares during the period. Summit Global Investments acquired a new stake in shares of Vicor in the third quarter worth $1,050,000. Stoneridge Investment Partners LLC purchased a new position in shares of Vicor during the third quarter valued at $323,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Vicor during the third quarter valued at $560,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Zacks Research raised Vicor to a “hold” rating in a research note on Tuesday, December 16th. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.33.

Vicor Stock Performance

Shares of VICR stock opened at $164.29 on Friday. The stock’s 50 day simple moving average is $132.84 and its 200 day simple moving average is $87.77. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $177.00. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 89.78 and a beta of 1.90.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the transaction, the chief executive officer owned 9,808,363 shares in the company, valued at $1,010,457,556.26. This trade represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Mcnamara sold 4,237 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $101.23, for a total transaction of $428,911.51. Following the sale, the insider owned 18,138 shares of the company’s stock, valued at $1,836,109.74. This trade represents a 18.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 130,306 shares of company stock worth $13,918,540. 31.30% of the stock is owned by insiders.

Vicor 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.