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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICR. JPMorgan Chase & Co. raised its holdings in shares of Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock worth $137,887,000 after acquiring an additional 1,236,264 shares during the period. Needham Investment Management LLC increased its position in Vicor by 2.4% during the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker's stock worth $38,161,000 after purchasing an additional 21,439 shares during the last quarter. State Street Corp raised its stake in 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 purchasing an additional 17,668 shares during the period. Geode Capital Management LLC boosted its holdings in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock valued at $24,094,000 after purchasing an additional 33,696 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Vicor by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.

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Insider Activity at Vicor

In related news, VP Claudio Tuozzolo sold 1,898 shares of the company's stock in a transaction that occurred 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 sale, the vice president now directly owns 33,622 shares of the company's stock, valued at $2,178,369.38. This represents a 5.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew D'amico sold 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Insiders sold 13,642 shares of company stock worth $819,890 in the last three months. 31.00% of the stock is owned by company insiders.

Vicor Price Performance

Shares of VICR stock traded down $1.13 during trading hours on Wednesday, hitting $53.47. The company had a trading volume of 154,106 shares, compared to its average volume of 223,366. The stock has a market capitalization of $2.42 billion, a PE ratio of 102.83 and a beta of 1.45. The company's fifty day moving average is $53.89 and its 200 day moving average is $49.93. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $91.03 million.

Wall Street Analyst Weigh In

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

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.