Vicor Co. (NASDAQ:VICR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of Vicor Co. (NASDAQ:VICR) by 40.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,756 shares of the electronics maker’s stock after purchasing an additional 10,526 shares during the period. Franklin Resources Inc. owned about 0.08% of Vicor worth $1,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Vicor by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after buying an additional 552 shares during the period. Headlands Technologies LLC boosted its holdings 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 acquiring an additional 570 shares during the period. GAMMA Investing LLC grew its position in shares of Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 670 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the period. Finally, Victory Capital Management Inc. raised its position in Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after purchasing an additional 808 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Stock Down 3.7 %

Shares of NASDAQ:VICR opened at $49.88 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The firm’s 50-day simple moving average is $52.54 and its 200-day simple moving average is $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 announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

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.