Algert Global LLC Reduces Stock Position in Vicor Co. (NASDAQ:VICR)

Algert Global LLC lowered its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 44.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,339 shares of the electronics maker's stock after selling 13,290 shares during the quarter. Algert Global LLC's holdings in Vicor were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VICR. Vanguard Group Inc. increased its holdings in Vicor by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker's stock worth $95,438,000 after acquiring an additional 18,331 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vicor by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker's stock valued at $18,012,000 after purchasing an additional 66,775 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Vicor by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock valued at $8,703,000 after buying an additional 12,203 shares in the last quarter. Herald Investment Management Ltd boosted its holdings in Vicor by 11.1% in the 2nd quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker's stock worth $6,616,000 after buying an additional 20,000 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Vicor by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker's stock worth $5,731,000 after buying an additional 7,083 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Insiders Place Their Bets

In other news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares of the company's stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 31.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VICR shares. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum boosted their target price on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd.

Vicor Price Performance

Shares of Vicor stock traded down $0.11 during trading on Friday, reaching $53.21. 111,296 shares of the stock traded hands, compared to its average volume of 231,536. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $61.05. The business has a fifty day simple moving average of $47.56 and a two-hundred day simple moving average of $39.94. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 110.85 and a beta of 1.48.

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

Vicor Company 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.