Vicor Co. (NASDAQ:VICR) Stock Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Vicor Co. (NASDAQ:VICR) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,427 shares of the electronics maker’s stock after selling 214 shares during the period. Rhumbline Advisers owned about 0.15% of Vicor worth $3,306,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VICR. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 acquiring an additional 690 shares in the last quarter. Invesco LLC purchased a new position in Vicor in the 3rd quarter worth about $205,000. Savant Capital LLC acquired a new stake in Vicor during the 4th quarter worth about $223,000. Intech Investment Management LLC purchased a new stake in Vicor during the third quarter valued at about $230,000. Finally, West Tower Group LLC purchased a new stake in Vicor during the third quarter valued at about $295,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

NASDAQ:VICR opened at $63.33 on Friday. The stock’s 50-day moving average is $51.90 and its two-hundred day moving average is $47.73. The stock has a market cap of $2.86 billion, a PE ratio of 121.79 and a beta of 1.51. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million.

Insider Buying and Selling at Vicor

In related news, VP Claudio Tuozzolo sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total transaction of $122,971.42. Following the transaction, the vice president now owns 33,622 shares of the company’s stock, valued at approximately $2,178,369.38. This trade represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Insiders have sold 21,202 shares of company stock worth $1,236,817 over the last 90 days. 31.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VICR shares. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. StockNews.com upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th.

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.