Harbor Capital Advisors Inc. acquired a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,216 shares of the electronics maker's stock, valued at approximately $1,557,000. Harbor Capital Advisors Inc. owned 0.07% of Vicor at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC raised its position in Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after purchasing an additional 670 shares during the last quarter. Eastern Bank purchased a new position in Vicor in the 3rd quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Vicor by 146.2% in 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 last quarter. Finally, Point72 DIFC Ltd lifted its stake in shares of Vicor by 66.7% in the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after buying an additional 877 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VICR has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd.
Read Our Latest Stock Analysis on VICR
Insider Activity at Vicor
In related 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 value of $444,080.00. Following the transaction, the director now owns 230,267 shares of the company's stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew D'amico sold 2,000 shares of Vicor stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,856 shares of company stock worth $598,413. Insiders own 31.00% of the company's stock.
Vicor Stock Down 2.8 %
Shares of Vicor stock traded down $1.34 during mid-day trading on Monday, hitting $46.64. The stock had a trading volume of 31,836 shares, compared to its average volume of 151,318. The firm has a market cap of $2.11 billion, a P/E ratio of 97.17 and a beta of 1.50. The firm has a 50-day moving average of $53.14 and a two-hundred day moving average of $43.79. 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 posted its 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 company had revenue of $93.17 million for 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%. The company's revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share.
Vicor Company Profile
(
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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