Simon Quick Advisors LLC Buys 2,661 Shares of Vicor Co. (NASDAQ:VICR)

Simon Quick Advisors LLC grew its stake in Vicor Co. (NASDAQ:VICR) by 32.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,836 shares of the electronics maker’s stock after acquiring an additional 2,661 shares during the quarter. Simon Quick Advisors LLC’s holdings in Vicor were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VICR. Headlands Technologies LLC bought a new position in shares of Vicor during the fourth quarter valued at $140,000. Truist Financial Corp bought a new position in shares of Vicor during the fourth quarter valued at $213,000. Net Worth Advisory Group bought a new position in shares of Vicor during the fourth quarter valued at $218,000. Savant Capital LLC bought a new position in shares of Vicor during the fourth quarter valued at $223,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Vicor during the fourth quarter valued at $227,000. 47.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VICR shares. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Vicor Trading Down 3.0%

NASDAQ:VICR opened at $43.65 on Friday. Vicor Co. has a 12-month low of $31.65 and a 12-month high of $65.70. The stock has a 50-day moving average price of $44.59 and a 200 day moving average price of $49.68. The stock has a market capitalization of $1.97 billion, a P/E ratio of 83.94 and a beta of 1.77.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). The firm had revenue of $93.97 million for the quarter, compared to the consensus estimate of $96.63 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%. Vicor’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share.

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.