Trellus Management Company LLC Increases Position in Vicor Corp (VICR)
Trellus Management Company LLC boosted its position in shares of Vicor Corp (NASDAQ:VICR) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,945 shares of the electronics maker’s stock after buying an additional 1,900 shares during the period. Vicor makes up about 7.7% of Trellus Management Company LLC’s portfolio, making the stock its 2nd biggest holding. Trellus Management Company LLC owned about 0.32% of Vicor worth $4,031,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Pearl River Capital LLC bought a new stake in shares of Vicor in the 4th quarter valued at approximately $26,000. Neuburgh Advisers LLC lifted its stake in shares of Vicor by 115.8% in the 4th quarter. Neuburgh Advisers LLC now owns 1,968 shares of the electronics maker’s stock valued at $74,000 after purchasing an additional 1,056 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Vicor in the 4th quarter valued at approximately $75,000. LS Investment Advisors LLC lifted its stake in shares of Vicor by 49.3% in the 4th quarter. LS Investment Advisors LLC now owns 4,298 shares of the electronics maker’s stock valued at $162,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Vicor in the 4th quarter valued at approximately $176,000. 30.70% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. TheStreet upgraded Vicor from a “c” rating to a “b-” rating in a report on Thursday, January 24th. BidaskClub upgraded Vicor from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. ValuEngine upgraded Vicor from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Northland Securities assumed coverage on Vicor in a report on Wednesday, April 10th. They issued an “outperform” rating and a $36.00 price target on the stock.
VICR traded up $0.69 during trading on Tuesday, hitting $32.04. 189,539 shares of the stock were exchanged, compared to its average volume of 213,120. The company has a market capitalization of $1.25 billion, a P/E ratio of 41.08 and a beta of 0.49. Vicor Corp has a 1 year low of $28.75 and a 1 year high of $64.50.
Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, February 26th. The electronics maker reported $0.17 EPS for the quarter. The company had revenue of $73.72 million for the quarter. Vicor had a return on equity of 19.07% and a net margin of 10.89%. Equities analysts anticipate that Vicor Corp will post 0.41 EPS for the current year.
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Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components and complete power systems based upon a portfolio of patented technologies. It operates through the following segments: Brick Business Unit, VI Chip, Picor, and Corporate. The Brick Business Unit provides modular power converters and configurable products.
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