152,087 Shares in Vicor Co. (NASDAQ:VICR) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 152,087 shares of the electronics maker's stock, valued at approximately $7,349,000. Raymond James Financial Inc. owned about 0.34% of Vicor at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Vicor during the fourth quarter worth approximately $1,557,000. Barclays PLC raised its holdings in Vicor by 361.6% during the third quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock worth $1,658,000 after purchasing an additional 30,863 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Vicor during the 4th quarter worth approximately $223,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock valued at $8,703,000 after buying an additional 12,203 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 33,696 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Claudio Tuozzolo sold 1,898 shares of Vicor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the transaction, the vice president now directly owns 33,622 shares in the company, valued at $2,178,369.38. This trade represents a 5.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Quentin A. Fendelet sold 440 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,642 shares of company stock valued at $819,890. Company insiders own 31.00% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VICR shares. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th.

Vicor Stock Performance

Vicor stock traded down $1.13 during midday trading on Wednesday, hitting $53.47. 154,106 shares of the company's stock were exchanged, compared to its average volume of 223,366. The firm's 50 day simple moving average is $53.89 and its 200 day simple moving average is $49.93. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 102.83 and a beta of 1.45.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

About Vicor

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.