Brown Capital Management LLC Sells 112,318 Shares of Vicor Co. (NASDAQ:VICR)

Brown Capital Management LLC lowered its position in Vicor Co. (NASDAQ:VICR - Free Report) by 10.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 952,763 shares of the electronics maker's stock after selling 112,318 shares during the period. Brown Capital Management LLC owned 2.11% of Vicor worth $40,111,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank bought a new stake in shares of Vicor during the 3rd quarter valued at about $42,000. GAMMA Investing LLC lifted its stake in Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after buying an additional 670 shares during the period. Headlands Technologies LLC grew its position in shares of Vicor by 98.8% during the 2nd 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. Point72 DIFC Ltd increased its stake in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after acquiring an additional 877 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock valued at $96,000 after acquiring an additional 1,584 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Price Performance

Shares of NASDAQ:VICR traded up $0.36 during midday trading on Thursday, hitting $54.23. 257,887 shares of the company's stock were exchanged, compared to its average volume of 232,461. The stock has a 50 day moving average price of $45.09 and a 200-day moving average price of $38.95. The company has a market cap of $2.45 billion, a PE ratio of 112.23 and a beta of 1.48. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $61.05.

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

Insider Transactions at Vicor

In related news, VP Alex Gusinov sold 856 shares of the 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 transaction, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 31.00% of the company's stock.

Analysts Set New Price Targets

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

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.