Barclays PLC Has $1.66 Million Stock Position in Vicor Co. (NASDAQ:VICR)

Barclays PLC lifted its stake in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 361.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,397 shares of the electronics maker's stock after purchasing an additional 30,863 shares during the period. Barclays PLC owned approximately 0.09% of Vicor worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock valued at $35,908,000 after acquiring an additional 17,668 shares during the period. Needham Investment Management LLC raised its holdings in Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker's stock worth $38,161,000 after purchasing an additional 21,439 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock valued at $49,000 after purchasing an additional 690 shares during the period. Circle Wealth Management LLC acquired a new stake in shares of Vicor during the 3rd quarter worth approximately $501,000. Finally, Verition Fund Management LLC bought a new stake in shares of Vicor during the third quarter worth approximately $369,000. 47.45% of the stock is owned by institutional investors.

Vicor Price Performance

VICR stock traded down $1.90 during mid-day trading on Friday, reaching $49.88. The company had a trading volume of 115,595 shares, compared to its average volume of 230,672. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 103.92 and a beta of 1.49. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05. The stock has a 50 day simple moving average of $52.54 and a two-hundred day simple moving average of $42.64.

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

Insider Transactions at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company's stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction 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 approximately $945,222.18. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on VICR. Craig Hallum raised their target price on Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd.

About Vicor

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.