Victory Capital Management Inc. Has $585,000 Holdings in Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. boosted its stake in Vicor Co. (NASDAQ:VICR) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,101 shares of the electronics maker’s stock after purchasing an additional 2,418 shares during the quarter. Victory Capital Management Inc.’s holdings in Vicor were worth $585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Vicor during the third quarter worth about $230,000. Charles Schwab Investment Management Inc. raised its stake in Vicor by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after acquiring an additional 12,203 shares in the last quarter. West Tower Group LLC acquired a new position in Vicor during the third quarter worth about $295,000. FMR LLC raised its stake in Vicor by 15.9% during the third quarter. FMR LLC now owns 87,014 shares of the electronics maker’s stock worth $3,663,000 after acquiring an additional 11,931 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Vicor during the third quarter worth about $369,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $53.64 on Friday. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $65.70. The business’s 50 day moving average price is $53.48 and its two-hundred day moving average price is $49.44. The firm has a market cap of $2.42 billion, a PE ratio of 103.16 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICR. StockNews.com downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Insider Activity at Vicor

In other Vicor news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Claudio Tuozzolo sold 1,898 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the completion of the transaction, the vice president now 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 disclosure for this sale can be found here. In the last three months, insiders sold 13,642 shares of company stock valued at $819,890. 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.