Victory Capital Management Inc. Raises Stock Position in Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. boosted its position in shares of Vicor Co. (NASDAQ:VICR) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,683 shares of the electronics maker’s stock after acquiring an additional 1,201 shares during the period. Victory Capital Management Inc.’s holdings in Vicor were worth $408,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC grew its stake in Vicor by 98.8% during the second 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 in the last quarter. GAMMA Investing LLC grew its stake in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after buying an additional 670 shares in the last quarter. Eastern Bank purchased a new position in Vicor in the 3rd quarter worth approximately $42,000. Point72 DIFC Ltd increased its holdings in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares during the last quarter. Finally, CWM LLC raised its position in shares of Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after buying an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction 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 represents a 5.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 31.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VICR. Craig Hallum raised their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

Vicor Stock Performance

VICR stock opened at $53.21 on Friday. The firm has a market cap of $2.40 billion, a P/E ratio of 110.86 and a beta of 1.48. The firm’s fifty day moving average is $47.56 and its 200 day moving average is $39.94. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share.

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.