BNP Paribas Financial Markets trimmed its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,552 shares of the electronics maker's stock after selling 10,698 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of Vicor worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock worth $38,000 after buying an additional 570 shares during the period. GAMMA Investing LLC raised its stake in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after acquiring an additional 670 shares during the last quarter. Eastern Bank acquired a new stake in Vicor during the 3rd quarter worth about $42,000. Point72 DIFC Ltd grew its stake in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after purchasing an additional 877 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Vicor by 226.6% in the third quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock valued at $96,000 after purchasing an additional 1,584 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.
Vicor Trading Up 0.1 %
VICR traded up $0.04 during midday trading on Friday, hitting $56.84. 134,879 shares of the company were exchanged, compared to its average volume of 251,152. The company's 50 day simple moving average is $49.26 and its 200 day simple moving average is $40.75. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 118.42 and a beta of 1.49. 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 posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the company earned $0.37 earnings per share. Vicor's revenue for the quarter was down 13.6% compared to the same quarter last year.
Wall Street Analyst Weigh In
A number of research firms recently commented on VICR. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum lifted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd.
View Our Latest Research Report on Vicor
Insider Activity
In other news, Director Estia J. Eichten sold 8,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Alex Gusinov sold 856 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the transaction, the vice president now owns 16,018 shares in the company, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company's stock.
About Vicor
(
Free Report)
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.
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