Franklin Resources Inc. Raises Stock Holdings in Vicor Co. (NASDAQ:VICR)

Franklin Resources Inc. boosted its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,756 shares of the electronics maker's stock after buying an additional 10,526 shares during the quarter. Franklin Resources Inc. owned 0.08% of Vicor worth $1,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock valued at $1,658,000 after buying an additional 30,863 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $24,094,000 after acquiring an additional 33,696 shares during the period. State Street Corp increased its position in Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock valued at $35,908,000 after acquiring an additional 17,668 shares during the last quarter. Needham Investment Management LLC lifted its holdings in Vicor by 2.4% in the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker's stock valued at $38,161,000 after acquiring an additional 21,439 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted 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 valued at $49,000 after acquiring an additional 690 shares during the period. Institutional investors own 47.45% of the company's stock.

Insider Activity

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

Vicor Trading Down 3.7 %

Vicor stock traded down $1.90 during trading on Friday, reaching $49.88. The company had a trading volume of 115,595 shares, compared to its average volume of 230,672. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 103.92 and a beta of 1.49. The firm's 50-day simple moving average is $52.54 and its 200 day simple moving average is $42.64. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The firm 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 revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share.

Analysts Set New Price Targets

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

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.