Vicor Co. (NASDAQ:VICR) Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Vicor Co. (NASDAQ:VICR) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,655 shares of the electronics maker’s stock after selling 4,574 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.05% of Vicor worth $1,038,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC boosted 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 buying an additional 570 shares in the last quarter. GAMMA Investing LLC lifted its stake in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the last quarter. Eastern Bank bought a new stake in Vicor during the third quarter worth approximately $42,000. Point72 DIFC Ltd grew its position in Vicor by 66.7% in the second 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 increased its holdings in shares of Vicor by 226.6% in the third 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. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Trading Down 4.1 %

Shares of VICR stock opened at $50.77 on Thursday. The stock’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $41.87. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.77 and a beta of 1.49. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $61.05.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The company 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 business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS.

Insiders Place Their Bets

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated 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 of the company’s stock, valued at approximately $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VICR shares. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum increased 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.

Vicor 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.