Bank of New York Mellon Corp Has $7.18 Million Stock Position in Vicor Co. (NASDAQ:VICR)

Bank of New York Mellon Corp lessened its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,613 shares of the electronics maker's stock after selling 10,058 shares during the period. Bank of New York Mellon Corp owned 0.33% of Vicor worth $7,181,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bouvel Investment Partners LLC lifted its position in shares of Vicor by 1.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock worth $1,198,000 after purchasing an additional 243 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Vicor by 4.1% during the fourth quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock worth $395,000 after buying an additional 324 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after acquiring an additional 600 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of 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 during the last quarter. Finally, Victory Capital Management Inc. increased its position in Vicor by 14.2% during the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker's stock worth $408,000 after acquiring an additional 1,201 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling

In other Vicor news, VP Claudio Tuozzolo sold 1,898 shares of Vicor stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D'amico sold 2,000 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Insiders sold 13,642 shares of company stock worth $819,890 in the last 90 days. 31.00% of the stock is owned by company insiders.

Vicor Stock Up 2.9 %

Vicor stock traded up $1.55 on Wednesday, hitting $54.64. The company's stock had a trading volume of 109,246 shares, compared to its average volume of 284,839. The company has a fifty day moving average price of $53.19 and a 200-day moving average price of $49.27. The firm has a market cap of $2.47 billion, a P/E ratio of 105.17 and a beta of 1.45. Vicor Co. has a one year low of $30.90 and a one year high of $65.70.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on VICR shares. StockNews.com lowered shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

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.