Wellington Management Group LLP Lowers Position in Vicor Co. (NASDAQ:VICR)

Wellington Management Group LLP lessened its holdings in shares of Vicor Co. (NASDAQ:VICR) by 86.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,463 shares of the electronics maker’s stock after selling 431,239 shares during the quarter. Wellington Management Group LLP owned about 0.15% of Vicor worth $3,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in Vicor by 30.0% during the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 706 shares during the last quarter. Bouvel Investment Partners LLC grew its position in Vicor by 4.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 17,022 shares of the electronics maker’s stock worth $765,000 after acquiring an additional 708 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Vicor during the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in Vicor by 10.0% during the third quarter. Advisors Asset Management Inc. now owns 8,743 shares of the electronics maker’s stock worth $515,000 after purchasing an additional 795 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Vicor by 8.7% during the fourth quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker’s stock worth $507,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Down 1.4 %

NASDAQ VICR opened at $33.16 on Monday. The firm has a market cap of $1.48 billion, a PE ratio of 33.16 and a beta of 1.49. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $98.38. The stock has a 50-day moving average of $33.94 and a 200-day moving average of $37.45.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.55%. The company had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Monday, June 24th. Craig Hallum decreased their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

Insider Buying and Selling at Vicor

In other Vicor news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.91, for a total value of $43,303.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 2,150 shares of company stock valued at $72,275 in the last quarter. Company insiders own 31.30% of the company’s stock.

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.