Proficio Capital Partners LLC Takes Position in Vicor Co. (NASDAQ:VICR)

Proficio Capital Partners LLC bought a new stake in Vicor Co. (NASDAQ:VICR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,756 shares of the electronics maker's stock, valued at approximately $616,000.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased 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 buying an additional 690 shares during the period. Truist Financial Corp purchased a new stake in shares of Vicor during the fourth quarter worth $213,000. Savant Capital LLC acquired a new stake in Vicor during the fourth quarter valued at $223,000. Intech Investment Management LLC purchased a new position in Vicor in the third quarter valued at about $230,000. Finally, West Tower Group LLC acquired a new position in Vicor in the 3rd quarter worth about $295,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VICR shares. StockNews.com lowered Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th.

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Vicor Stock Performance

Shares of VICR traded down $2.35 during trading hours on Thursday, hitting $50.97. 135,042 shares of the company were exchanged, compared to its average volume of 290,481. The company has a market cap of $2.30 billion, a PE ratio of 98.01 and a beta of 1.45. The firm's 50 day moving average is $52.94 and its 200-day moving average is $48.78. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly 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. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million.

Insider Activity at Vicor

In other news, CAO Quentin A. Fendelet sold 440 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 1,898 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total transaction of $122,971.42. Following the transaction, the vice president now owns 33,622 shares of the company's stock, valued at approximately $2,178,369.38. The trade was a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,642 shares of company stock worth $819,890. 31.00% of the stock is owned by 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.