Circle Wealth Management LLC Acquires New Shares in Vicor Co. (NASDAQ:VICR)

Circle Wealth Management LLC purchased a new position in Vicor Co. (NASDAQ:VICR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,886 shares of the electronics maker's stock, valued at approximately $501,000.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC raised its stake in shares of Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC increased its stake in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after acquiring an additional 670 shares in the last quarter. Eastern Bank acquired a new stake in Vicor in the 3rd quarter valued at $42,000. Point72 DIFC Ltd boosted its holdings in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after acquiring an additional 877 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Vicor by 226.6% in the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock worth $96,000 after buying an additional 1,584 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vicor

In other news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.00% of the company's stock.

Analysts Set New Price Targets

VICR has been the subject of a number of analyst reports. Craig Hallum increased their price objective on Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd.

Vicor Stock Performance

Shares of VICR traded down $0.11 during trading hours on Friday, reaching $53.21. 111,296 shares of the company traded hands, compared to its average volume of 305,158. The stock has a market cap of $2.40 billion, a P/E ratio of 110.86 and a beta of 1.48. The stock's fifty day moving average is $47.56 and its 200 day moving average is $40.03. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $61.05.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. Vicor's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS.

Vicor Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.