Principal Financial Group Inc. Has $5.42 Million Holdings in Vicor Co. (NASDAQ:VICR)

Principal Financial Group Inc. lifted its stake in Vicor Co. (NASDAQ:VICR) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,125 shares of the electronics maker’s stock after buying an additional 3,453 shares during the period. Principal Financial Group Inc. owned about 0.25% of Vicor worth $5,418,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after acquiring an additional 1,236,264 shares during the period. Needham Investment Management LLC boosted its stake in shares of Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after acquiring an additional 21,439 shares during the period. State Street Corp lifted its position in Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after acquiring an additional 17,668 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $24,094,000 after acquiring an additional 33,696 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Vicor by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock valued at $8,703,000 after acquiring an additional 12,203 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

Shares of Vicor stock opened at $60.62 on Tuesday. The business’s 50 day simple moving average is $52.13 and its two-hundred day simple moving average is $47.97. Vicor Co. has a one year low of $30.90 and a one year high of $65.70. The stock has a market capitalization of $2.74 billion, a P/E ratio of 116.58 and a beta of 1.51.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICR. StockNews.com lowered Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Tuesday, February 18th.

Insider Activity at Vicor

In other news, VP Claudio Tuozzolo sold 1,898 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total value of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares in the company, valued at approximately $2,178,369.38. This represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew D’amico sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,202 shares of company stock worth $792,737. 31.00% of the stock is owned by insiders.

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.