Kennedy Capital Management LLC Reduces Stake in Vicor Co. (NASDAQ:VICR)

Kennedy Capital Management LLC lowered its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,503 shares of the electronics maker's stock after selling 13,189 shares during the quarter. Kennedy Capital Management LLC owned about 0.11% of Vicor worth $2,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VICR. Wealthfront Advisers LLC bought a new position in Vicor during the fourth quarter valued at approximately $79,889,000. JPMorgan Chase & Co. raised its holdings in Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock valued at $137,887,000 after buying an additional 1,236,264 shares during the period. Colrain Capital LLC bought a new stake in shares of Vicor in the 4th quarter worth about $9,181,000. Raymond James Financial Inc. purchased a new position in shares of Vicor during the fourth quarter valued at approximately $7,349,000. Finally, Norges Bank bought a new position in Vicor in the 4th quarter valued at $2,663,000. Institutional investors own 47.45% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on VICR. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Insider Buying and Selling at Vicor

In related news, VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the sale, the vice president now directly owns 34,622 shares in the company, valued at approximately $2,111,942. The trade was a 9.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew D'amico sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. 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 ninety days. Corporate insiders own 31.00% of the company's stock.

Vicor Price Performance

NASDAQ VICR traded up $0.09 during trading hours on Friday, reaching $46.76. The company's stock had a trading volume of 115,477 shares, compared to its average volume of 233,179. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 89.92 and a beta of 1.75. The company's 50-day moving average is $51.96 and its two-hundred day moving average is $50.88. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70.

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

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.