Franklin Resources Inc. Sells 15,487 Shares of Vicor Co. (NASDAQ:VICR)

Franklin Resources Inc. lessened its stake in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,269 shares of the electronics maker's stock after selling 15,487 shares during the period. Franklin Resources Inc.'s holdings in Vicor were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position 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 worth $35,908,000 after buying an additional 17,668 shares during the period. Barclays PLC grew its stake in Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock worth $1,658,000 after purchasing an additional 30,863 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vicor by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock worth $24,094,000 after acquiring an additional 33,696 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock worth $137,887,000 after purchasing an additional 1,236,264 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Vicor during the 4th quarter worth about $1,557,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on VICR. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

Vicor Price Performance

Shares of NASDAQ:VICR traded up $0.09 during trading on Friday, reaching $46.76. 115,477 shares of the company's stock traded hands, compared to its average volume of 233,179. The stock has a market capitalization of $2.11 billion, a P/E ratio of 89.92 and a beta of 1.75. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $65.70. The company has a 50 day moving average of $51.96 and a 200-day moving average of $50.88.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $96.17 million for the quarter, compared to analysts' expectations of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Activity at Vicor

In related news, Director Andrew D'amico sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Claudio Tuozzolo sold 3,504 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the sale, the vice president now directly owns 34,622 shares of the company's stock, valued at $2,111,942. This represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,642 shares of company stock worth $716,070. 31.00% of the stock is owned by corporate insiders.

Vicor 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.