Vicor Co. (NASDAQ:VICR) Shares Acquired by State Street Corp

State Street Corp grew its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 852,932 shares of the electronics maker's stock after acquiring an additional 17,668 shares during the period. State Street Corp owned 1.89% of Vicor worth $35,908,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Headlands Technologies LLC increased its holdings in Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock worth $38,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank bought a new stake in shares of Vicor during the 3rd quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Vicor by 146.2% during 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 in the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after buying an additional 877 shares during the period. Institutional investors own 47.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VICR shares. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum boosted their price target on Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the sale, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the transaction, the director now directly owns 230,267 shares in the company, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company's stock.

Vicor Price Performance

Shares of Vicor stock traded up $0.09 during trading hours on Friday, reaching $49.17. The company's stock had a trading volume of 487,156 shares, compared to its average volume of 232,422. Vicor Co. has a one year low of $30.90 and a one year high of $61.05. The firm has a 50 day moving average price of $51.57 and a 200-day moving average price of $42.08. The stock has a market cap of $2.22 billion, a P/E ratio of 102.44 and a beta of 1.49.

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 analysts' consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company's quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share.

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.