Fmr LLC Acquires 11,931 Shares of Vicor Co. (NASDAQ:VICR)

FMR LLC increased its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 15.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,014 shares of the electronics maker's stock after acquiring an additional 11,931 shares during the quarter. FMR LLC owned approximately 0.19% of Vicor worth $3,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Eastern Bank acquired a new stake in Vicor during the 3rd quarter worth about $42,000. GAMMA Investing LLC increased its position 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 acquiring an additional 670 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 570 shares during the period. Point72 DIFC Ltd lifted its position in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after acquiring an additional 877 shares in the last quarter. Finally, CWM LLC boosted its stake in Vicor by 226.6% in the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock worth $96,000 after purchasing an additional 1,584 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Craig Hallum increased their target price on Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Trading Up 2.8 %

NASDAQ VICR traded up $1.47 on Friday, reaching $54.55. The stock had a trading volume of 187,820 shares, compared to its average volume of 190,425. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05. The business has a 50 day moving average price of $50.53 and a 200 day moving average price of $41.43. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 113.65 and a beta of 1.49.

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

Insider Activity

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now owns 16,018 shares in the company, valued at $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the business's stock in a transaction 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 sale, the director now owns 230,267 shares of the company's stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is owned by insiders.

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.