Proficio Capital Partners LLC Acquires New Holdings in Vicor Co. (NASDAQ:VICR)

Proficio Capital Partners LLC bought a new stake in shares of Vicor Co. (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,756 shares of the electronics maker’s stock, valued at approximately $616,000.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Vicor in the 4th quarter worth approximately $1,557,000. Barclays PLC grew its stake in shares of Vicor by 361.6% in the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock worth $1,658,000 after purchasing an additional 30,863 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Vicor in the 4th quarter worth approximately $223,000. Charles Schwab Investment Management Inc. grew its stake in shares of Vicor by 6.3% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Up 0.6 %

Shares of VICR stock opened at $59.55 on Monday. The stock’s fifty day simple moving average is $52.81 and its 200-day simple moving average is $48.59. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 114.52 and a beta of 1.45. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, StockNews.com lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Insider Activity at Vicor

In other news, VP Claudio Tuozzolo sold 1,898 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the completion of the sale, the vice president now directly owns 33,622 shares of the company’s stock, valued at $2,178,369.38. This trade represents a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Quentin A. Fendelet sold 440 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $61.71, for a total value of $27,152.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,642 shares of company stock valued at $819,890. Corporate insiders own 31.00% of the company’s stock.

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.