Barclays PLC lifted its position in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 361.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 39,397 shares of the electronics maker's stock after purchasing an additional 30,863 shares during the quarter. Barclays PLC owned about 0.09% of Vicor worth $1,658,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC increased its position in shares of Vicor by 98.8% in the second 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 raised its position in Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after purchasing an additional 670 shares during the period. Eastern Bank acquired a new stake in shares of Vicor in the third quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 during the period. Finally, Point72 DIFC Ltd lifted its position in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after acquiring an additional 877 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.
Insider Activity
In other Vicor news, VP Alex Gusinov sold 856 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares in the company, valued at $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction dated Monday, December 2nd. The shares were 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 of the company's stock, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,856 shares of company stock worth $598,413. 31.00% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently issued reports on VICR shares. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd.
Get Our Latest Report on Vicor
Vicor Price Performance
VICR traded down $1.30 on Friday, reaching $47.98. The company's stock had a trading volume of 137,095 shares, compared to its average volume of 171,633. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05. The business's 50 day moving average is $53.14 and its 200 day moving average is $43.79. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 99.96 and a beta of 1.50.
Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The business's quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share.
Vicor Company Profile
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Free Report)
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.
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