Geode Capital Management LLC Has $24.09 Million Stock Holdings in Vicor Co. (NASDAQ:VICR)

Geode Capital Management LLC lifted its holdings in shares of Vicor Co. (NASDAQ:VICR) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 572,195 shares of the electronics maker’s stock after acquiring an additional 33,696 shares during the period. Geode Capital Management LLC owned approximately 1.27% of Vicor worth $24,094,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VICR. Charles Schwab Investment Management Inc. lifted its stake in Vicor by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after purchasing an additional 12,203 shares during the period. Millennium Management LLC acquired a new position in shares of Vicor in the 2nd quarter worth approximately $5,019,000. State Street Corp lifted its position 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 buying an additional 17,668 shares during the period. Bruce & Co. Inc. boosted its stake in Vicor by 55.6% in the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after buying an additional 25,000 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in Vicor by 98.8% in the second 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. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

NASDAQ VICR opened at $49.88 on Friday. The stock’s 50 day simple moving average is $52.54 and its 200 day simple moving average is $42.58. Vicor Co. has a one year low of $30.90 and a one year high of $61.05. The firm has a market cap of $2.25 billion, a PE ratio of 103.92 and a beta of 1.49.

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

Insiders Place Their Bets

In other news, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

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.