Vicor Co. (NASDAQ:VICR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Vicor Co. (NASDAQ:VICR) by 6.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 148,613 shares of the electronics maker’s stock after selling 10,058 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vicor were worth $7,181,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after purchasing an additional 21,439 shares during the last quarter. State Street Corp boosted its stake in shares of Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after purchasing an additional 17,668 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Vicor by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Vicor by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock worth $10,314,000 after purchasing an additional 600 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICR has been the topic of several analyst reports. StockNews.com cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Insider Activity at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,642 shares of company stock worth $819,890. Company insiders own 31.00% of the company’s stock.

Vicor Stock Performance

VICR opened at $53.66 on Friday. The company’s 50 day simple moving average is $53.05 and its 200 day simple moving average is $48.97. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $65.70. The stock has a market capitalization of $2.42 billion, a PE ratio of 103.19 and a beta of 1.45.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million.

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.