Quest Partners LLC Decreases Stock Holdings in Vicor Co. (NASDAQ:VICR)

Quest Partners LLC cut its stake in Vicor Co. (NASDAQ:VICR) by 76.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the electronics maker’s stock after selling 10,107 shares during the period. Quest Partners LLC’s holdings in Vicor were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of Vicor in the 2nd quarter worth about $5,019,000. Bruce & Co. Inc. lifted its holdings in shares of Vicor by 55.6% in the second quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after purchasing an additional 25,000 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Vicor during the 2nd quarter worth approximately $4,192,000. Finally, SG Americas Securities LLC increased its stake in shares of Vicor by 200.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker’s stock worth $439,000 after purchasing an additional 6,968 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICR has been the topic of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum boosted their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, the vice president now owns 16,018 shares in the company, valued at $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 31.00% of the stock is owned by company insiders.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $53.32 on Friday. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05. The stock has a 50-day simple moving average of $47.24 and a 200-day simple moving average of $39.80. The stock has a market capitalization of $2.41 billion, a P/E ratio of 111.09 and a beta of 1.48.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS 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 company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the company posted $0.37 earnings per share. The firm’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.