Principal Financial Group Inc. Sells 3,433 Shares of Vicor Co. (NASDAQ:VICR)

Principal Financial Group Inc. reduced its holdings in shares of Vicor Co. (NASDAQ:VICR) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,672 shares of the electronics maker’s stock after selling 3,433 shares during the period. Principal Financial Group Inc. owned 0.24% of Vicor worth $4,575,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VICR. Kennedy Capital Management LLC lifted its position in shares of Vicor by 178.7% during the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock worth $6,916,000 after buying an additional 115,966 shares in the last quarter. Millennium Management LLC bought a new stake in Vicor during the 2nd quarter valued at $5,019,000. Bruce & Co. Inc. raised its holdings in Vicor by 55.6% during the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after acquiring an additional 25,000 shares during the period. Headlands Technologies LLC raised its holdings in Vicor by 98.8% during the 2nd 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. Finally, Federated Hermes Inc. bought a new stake in Vicor during the 2nd quarter valued at $4,192,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on VICR shares. Craig Hallum boosted their price target on shares of 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 research note on Wednesday, October 23rd.

Insider Transactions at Vicor

In other Vicor news, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction 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 sale, the vice president now owns 16,018 shares in the company, valued at $945,222.18. The trade was a 5.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.00% of the company’s stock.

Vicor Stock Up 0.7 %

Shares of VICR opened at $54.23 on Friday. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The company has a market capitalization of $2.45 billion, a P/E ratio of 112.98 and a beta of 1.48. The firm has a 50 day moving average of $45.09 and a 200 day moving average of $38.95.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The business had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s revenue was down 13.6% on a year-over-year basis.

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.