Acadian Asset Management LLC Takes Position in Vicor Co. (NASDAQ:VICR)

Acadian Asset Management LLC acquired a new position in shares of Vicor Co. (NASDAQ:VICR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,108 shares of the electronics maker’s stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VICR. Victory Capital Management Inc. grew its position in shares of Vicor by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after buying an additional 808 shares during the period. Rhumbline Advisers grew its holdings in Vicor by 3.9% during the second quarter. Rhumbline Advisers now owns 68,380 shares of the electronics maker’s stock valued at $2,267,000 after purchasing an additional 2,544 shares during the period. Bank of New York Mellon Corp increased its stake in Vicor by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker’s stock valued at $5,731,000 after purchasing an additional 7,083 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Vicor in the second quarter worth $115,000. Finally, AWM Investment Company Inc. boosted its position in shares of Vicor by 2.3% during the first quarter. AWM Investment Company Inc. now owns 224,457 shares of the electronics maker’s stock worth $8,583,000 after purchasing an additional 5,021 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Down 2.0 %

Vicor stock opened at $36.15 on Thursday. The company has a 50 day moving average of $37.41 and a 200-day moving average of $35.82. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $60.43. The stock has a market capitalization of $1.63 billion, a PE ratio of 36.15 and a beta of 1.50.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). Vicor had a return on equity of 4.98% and a net margin of 7.20%. The company had revenue of $85.90 million during the quarter, compared to analyst estimates of $81.77 million. During the same period in the previous year, the company posted $0.38 earnings per share. Vicor’s revenue for the quarter was down 19.5% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research firms recently commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, July 24th. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

Insider Buying and Selling

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the sale, the vice president now owns 15,763 shares in the company, valued at approximately $564,788.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.30% of the stock is owned by corporate 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.