Principal Financial Group Inc. Sells 5,462 Shares of Vicor Co. (NASDAQ:VICR)

Principal Financial Group Inc. lessened its holdings in Vicor Co. (NASDAQ:VICR) by 4.6% in the second quarter, Holdings Channel reports. The institutional investor owned 112,105 shares of the electronics maker’s stock after selling 5,462 shares during the period. Principal Financial Group Inc.’s holdings in Vicor were worth $3,717,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VICR. PNC Financial Services Group Inc. raised its holdings in Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 303 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Vicor in the 2nd quarter valued at $115,000. Truist Financial Corp boosted its holdings in Vicor by 35.7% during the 4th quarter. Truist Financial Corp now owns 5,000 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 1,315 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Vicor during the 1st quarter worth $227,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Vicor during the 1st quarter worth $264,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, July 24th.

Vicor Trading Up 1.0 %

Shares of NASDAQ VICR opened at $34.93 on Wednesday. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $64.36. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 34.93 and a beta of 1.50. The business has a 50-day moving average of $37.03 and a 200-day moving average of $35.86.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vicor had a return on equity of 4.98% and a net margin of 7.20%. The business had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $81.77 million. During the same period in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was down 19.5% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the sale, the vice president now owns 15,763 shares of the company’s stock, valued at $564,788.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.30% of the stock is owned by insiders.

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.