Charles Schwab Investment Management Inc. Buys 12,203 Shares of Vicor Co. (NASDAQ:VICR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,713 shares of the electronics maker's stock after buying an additional 12,203 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.46% of Vicor worth $8,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Vicor by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker's stock worth $18,012,000 after acquiring an additional 66,775 shares in the last quarter. Herald Investment Management Ltd raised its stake in shares of Vicor by 11.1% during the 2nd quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker's stock worth $6,616,000 after purchasing an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Vicor by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker's stock worth $5,731,000 after acquiring an additional 7,083 shares in the last quarter. Millennium Management LLC bought a new stake in Vicor during the second quarter worth $5,019,000. Finally, Federated Hermes Inc. bought a new stake in Vicor during the second quarter worth $4,192,000. Institutional investors own 47.45% of the company's stock.

Insider Buying and Selling at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares in the company, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders own 31.00% of the company's stock.

Analyst Ratings Changes

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

Vicor Stock Performance

VICR traded down $0.31 during trading hours on Wednesday, reaching $53.78. The company's stock had a trading volume of 226,156 shares, compared to its average volume of 229,914. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05. The company's 50-day moving average is $49.53 and its 200-day moving average is $40.99. The firm has a market cap of $2.43 billion, a PE ratio of 112.69 and a beta of 1.49.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The company's revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share.

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.