Vicor Co. (NASDAQ:VICR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 40.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,463 shares of the electronics maker's stock after selling 35,353 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.11% of Vicor worth $2,167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VICR. Millennium Management LLC purchased a new stake in Vicor in the 2nd quarter valued at about $5,019,000. Federated Hermes Inc. acquired a new position in Vicor during the second quarter worth approximately $4,192,000. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 66,775 shares during the period. Bruce & Co. Inc. boosted its holdings in shares of Vicor by 55.6% in the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker's stock valued at $2,321,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Herald Investment Management Ltd grew 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 valued at $6,616,000 after buying an additional 20,000 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.00% of the stock is currently owned by company insiders.

Vicor Stock Performance

Shares of VICR stock traded down $0.11 during trading hours on Friday, reaching $53.21. The company had a trading volume of 111,296 shares, compared to its average volume of 305,158. The company has a market capitalization of $2.40 billion, a P/E ratio of 110.86 and a beta of 1.48. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The stock's fifty day simple moving average is $47.56 and its 200 day simple moving average is $39.99.

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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. Vicor's revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of research analyst reports. Craig Hallum upped their price objective on Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd.

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.