Vanguard Group Inc. Raises Stock Position in Vicor Co. (NASDAQ:VICR)

Vanguard Group Inc. lifted its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,529,448 shares of the electronics maker's stock after purchasing an additional 18,893 shares during the period. Vanguard Group Inc. owned about 5.60% of Vicor worth $122,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock valued at $137,887,000 after acquiring an additional 1,236,264 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Vicor during the fourth quarter worth $79,889,000. State Street Corp boosted its holdings in shares of Vicor by 2.1% in the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock worth $35,908,000 after acquiring an additional 17,668 shares during the period. Geode Capital Management LLC grew its position in shares of Vicor by 6.3% in the third 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 in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Vicor by 0.3% during 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 purchasing an additional 600 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Vicor

In related news, VP Claudio Tuozzolo sold 1,898 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the transaction, the vice president now directly owns 33,622 shares of the company's stock, valued at approximately $2,178,369.38. This trade represents a 5.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew D'amico sold 1,800 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,642 shares of company stock valued at $716,070 over the last 90 days. 31.00% of the stock is owned by insiders.

Analyst Ratings Changes

VICR has been the subject of a number of recent analyst reports. StockNews.com lowered Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.

Vicor Trading Up 1.1 %

Shares of VICR traded up $0.53 during trading hours on Friday, reaching $46.83. 165,003 shares of the company's stock traded hands, compared to its average volume of 233,264. 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 $2.12 billion, a PE ratio of 90.06 and a beta of 1.75. The firm's 50 day simple moving average is $52.33 and its 200-day simple moving average is $50.83.

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

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.