Vicor Co. (NASDAQ:VICR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Vicor Co. (NASDAQ:VICR) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

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

Vicor Stock Performance

Shares of VICR stock opened at $48.22 on Friday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 100.46 and a beta of 1.49. The company has a 50 day moving average price of $52.74 and a 200 day moving average price of $42.97. Vicor Co. has a one year low of $30.90 and a one year 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, 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 business had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was down 13.6% on a year-over-year basis.

Insider Transactions at Vicor

In other news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alex Gusinov sold 856 shares of Vicor 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 transaction, 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 disclosure for this sale can be found here. Company insiders own 31.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Craig Hallum raised their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research 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.