Eastern Bank Buys Shares of 1,000 Vicor Co. (NASDAQ:VICR)

Eastern Bank bought a new stake in Vicor Co. (NASDAQ:VICR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,000 shares of the electronics maker’s stock, valued at approximately $42,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after buying an additional 285,699 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after buying an additional 303 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Vicor by 32.2% during the first quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock worth $3,580,000 after buying an additional 22,797 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Vicor by 31.3% during the first quarter. GSA Capital Partners LLP now owns 69,277 shares of the electronics maker’s stock worth $2,649,000 after buying an additional 16,502 shares in the last quarter. Finally, Duality Advisers LP grew its position in shares of Vicor by 18.0% during the first quarter. Duality Advisers LP now owns 25,060 shares of the electronics maker’s stock worth $958,000 after buying an additional 3,826 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Down 0.2 %

Shares of VICR opened at $46.32 on Friday. The stock has a 50 day moving average price of $39.51 and a 200 day moving average price of $36.67. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 46.32 and a beta of 1.51. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $51.89.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a return on equity of 4.03% and a net margin of 6.08%. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 earnings per share.

Insider Activity at Vicor

In related 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 transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at $564,788.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Craig Hallum boosted their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Wednesday.

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.