Vicor Co. (NASDAQ:VICR) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Vicor Co. (NASDAQ:VICR) by 361.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,397 shares of the electronics maker’s stock after purchasing an additional 30,863 shares during the quarter. Barclays PLC owned approximately 0.09% of Vicor worth $1,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICR. Geode Capital Management LLC lifted its stake in shares of Vicor by 6.3% in the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after buying an additional 33,696 shares in the last quarter. State Street Corp grew its stake in Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after acquiring an additional 17,668 shares in the last quarter. Needham Investment Management LLC raised its holdings in Vicor by 2.4% in the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after acquiring an additional 21,439 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares in the last quarter. Finally, Circle Wealth Management LLC acquired a new position in shares of Vicor during the 3rd quarter worth approximately $501,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

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

Vicor Stock Down 2.6 %

Shares of Vicor stock opened at $47.98 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of 99.96 and a beta of 1.50. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05. The business’s fifty day simple moving average is $53.14 and its 200-day simple moving average is $43.72.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter last year, the company posted $0.37 EPS. The firm’s quarterly revenue was down 13.6% on a year-over-year basis.

Insider Activity at Vicor

In related news, Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,856 shares of company stock worth $598,413. Corporate insiders own 31.00% of the company’s stock.

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.