Quest Partners LLC Has $130,000 Stock Holdings in Vicor Co. (NASDAQ:VICR)

Quest Partners LLC lessened its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 76.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,084 shares of the electronics maker's stock after selling 10,107 shares during the period. Quest Partners LLC's holdings in Vicor were worth $130,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Vicor by 14.2% during the 3rd quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker's stock worth $408,000 after buying an additional 1,201 shares during the period. Invesco LLC acquired a new position in shares of Vicor during the third quarter worth $205,000. Eastern Bank bought a new stake in shares of Vicor in the third quarter worth $42,000. CWM LLC increased its holdings in Vicor by 226.6% in the third quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock valued at $96,000 after purchasing an additional 1,584 shares during the period. Finally, GAMMA Investing LLC raised its position in 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. Institutional investors and hedge funds own 47.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Craig Hallum lifted their target price 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 report on Wednesday, October 23rd.

Insider Transactions at Vicor

In related news, VP Alex Gusinov sold 856 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares of the company's stock, valued at $945,222.18. The trade was a 5.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 31.00% of the company's stock.

Vicor Price Performance

NASDAQ VICR traded down $0.11 during mid-day trading on Friday, reaching $53.21. 111,036 shares of the stock were exchanged, compared to its average volume of 231,534. The stock has a market cap of $2.40 billion, a P/E ratio of 111.09 and a beta of 1.48. The stock has a 50 day simple moving average of $47.24 and a 200-day simple moving average of $39.80. Vicor Co. has a one year low of $30.90 and a one year high of $61.05.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue was down 13.6% compared to the same quarter last year.

Vicor Company 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.