4,400 Shares in Vicor Co. (NASDAQ:VICR) Bought by Truist Financial Corp

Truist Financial Corp acquired a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,400 shares of the electronics maker's stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock worth $49,000 after acquiring an additional 690 shares in the last quarter. Savant Capital LLC acquired a new stake in Vicor in the 4th quarter worth approximately $223,000. Intech Investment Management LLC purchased a new stake in Vicor during the 3rd quarter worth approximately $230,000. West Tower Group LLC acquired a new position in Vicor during the 3rd quarter valued at approximately $295,000. Finally, Verition Fund Management LLC acquired a new position in Vicor during the 3rd quarter valued at approximately $369,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Trading Down 17.8 %

NASDAQ VICR traded down $10.61 on Monday, hitting $48.94. 823,317 shares of the company's stock traded hands, compared to its average volume of 293,722. The firm has a market capitalization of $2.21 billion, a PE ratio of 94.12 and a beta of 1.45. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70. The firm's 50-day moving average price is $52.81 and its two-hundred day moving average price is $48.59.

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

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Insider Transactions at Vicor

In other news, CAO Quentin A. Fendelet sold 440 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew D'amico sold 2,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total value of $103,820.00. The disclosure for this sale can be found here. Insiders have sold 13,642 shares of company stock worth $819,890 over the last quarter. 31.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.