Franklin Resources Inc. Raises Stock Holdings in Vicor Co. (NASDAQ:VICR)

Franklin Resources Inc. increased its stake in shares of Vicor Co. (NASDAQ:VICR) by 40.1% in the third quarter, HoldingsChannel reports. The firm owned 36,756 shares of the electronics maker’s stock after buying an additional 10,526 shares during the quarter. Franklin Resources Inc.’s holdings in Vicor were worth $1,529,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VICR. Charles Schwab Investment Management Inc. boosted its stake in shares of Vicor by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after purchasing an additional 12,203 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Vicor during the second quarter valued at approximately $5,019,000. State Street Corp boosted its position in Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after acquiring an additional 17,668 shares during the last quarter. Bruce & Co. Inc. grew its stake in Vicor by 55.6% in the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock worth $2,321,000 after acquiring an additional 25,000 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Activity

In other Vicor news, VP Alex Gusinov sold 856 shares of the 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 sale, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now directly owns 230,267 shares in the company, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VICR. Craig Hallum raised their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Vicor Stock Performance

Vicor stock opened at $49.88 on Friday. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05. The firm has a 50 day moving average price of $52.54 and a 200 day moving average price of $42.58. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 103.92 and a beta of 1.49.

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

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.