Advisors Asset Management Inc. Reduces Position in Vicor Co. (NASDAQ:VICR)

Advisors Asset Management Inc. reduced its position in shares of Vicor Co. (NASDAQ:VICR) by 48.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,386 shares of the electronics maker’s stock after selling 4,120 shares during the period. Advisors Asset Management Inc.’s holdings in Vicor were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Vicor by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock worth $95,438,000 after buying an additional 18,331 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Vicor by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares during the last quarter. Herald Investment Management Ltd boosted its holdings in Vicor by 11.1% in the second quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker’s stock valued at $6,616,000 after purchasing an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Vicor by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker’s stock valued at $5,731,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Vicor in the second quarter valued at approximately $5,019,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the company’s 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 transaction, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.00% of the stock is owned by insiders.

Vicor Price Performance

VICR stock opened at $53.21 on Friday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 110.86 and a beta of 1.48. The company has a fifty day moving average price of $47.56 and a 200 day moving average price of $39.94. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $61.05.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The business’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share.

Analyst Upgrades and Downgrades

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

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.