State Street Corp Grows Stock Holdings in Vicor Co. (NASDAQ:VICR)

State Street Corp lifted its position in shares of Vicor Co. (NASDAQ:VICR) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 852,932 shares of the electronics maker’s stock after buying an additional 17,668 shares during the quarter. State Street Corp owned approximately 1.89% of Vicor worth $35,908,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after acquiring an additional 552 shares in the last quarter. Headlands Technologies LLC lifted its position in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC raised its stake in shares of Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Vicor by 10.5% during the second quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after purchasing an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 0.2 %

VICR opened at $49.17 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 102.44 and a beta of 1.49. The stock’s 50-day moving average price is $51.57 and its 200 day moving average price is $42.02. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $61.05.

Vicor (NASDAQ:VICR) last issued 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. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year.

Insider Activity

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, 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 this link. Also, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction dated Monday, December 2nd. The stock was 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. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.00% of the company’s stock.

Analysts Set New Price Targets

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