Fmr LLC Increases Stock Holdings in Vicor Co. (NASDAQ:VICR)

Fmr LLC boosted its position in shares of Vicor Co. (NASDAQ:VICR) by 15.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,014 shares of the electronics maker’s stock after acquiring an additional 11,931 shares during the quarter. Fmr LLC’s holdings in Vicor were worth $3,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Vicor by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock valued at $18,012,000 after acquiring an additional 66,775 shares during the period. Charles Schwab Investment Management Inc. raised its position in Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock valued at $8,703,000 after purchasing an additional 12,203 shares in the last quarter. Herald Investment Management Ltd raised its position in Vicor by 11.1% in the 2nd quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker’s stock valued at $6,616,000 after purchasing an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Vicor by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker’s stock valued at $5,731,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Vicor in the 2nd quarter valued at about $5,019,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vicor Stock Performance

Shares of NASDAQ VICR opened at $54.55 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The firm has a market capitalization of $2.46 billion, a PE ratio of 110.34 and a beta of 1.49. The stock’s 50-day simple moving average is $50.28 and its 200-day simple moving average is $41.30.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis.

Insider Buying and Selling at Vicor

In other news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 16,018 shares in the company, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is owned by company insiders.

Vicor Company 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.