Truist Financial Corp Invests $213,000 in Vicor Co. (NASDAQ:VICR)

Truist Financial Corp bought a new position in Vicor Co. (NASDAQ:VICR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,400 shares of the electronics maker’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares during the period. Savant Capital LLC acquired a new stake in Vicor during the fourth quarter valued at $223,000. Intech Investment Management LLC acquired a new stake in Vicor during the third quarter valued at $230,000. West Tower Group LLC acquired a new stake in Vicor during the third quarter valued at $295,000. Finally, Simon Quick Advisors LLC boosted its position in Vicor by 4.1% during the fourth quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock valued at $395,000 after purchasing an additional 324 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $59.17 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70. The business has a 50-day moving average of $52.62 and a two-hundred day moving average of $48.29. The stock has a market capitalization of $2.67 billion, a P/E ratio of 113.79 and a beta of 1.51.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results 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. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company had revenue of $96.17 million during the quarter, compared to analysts’ expectations of $91.03 million.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the transaction, the vice president now owns 34,622 shares in the company, valued at $2,111,942. The trade was a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,642 shares of company stock valued at $819,890 over the last quarter. Insiders own 31.00% of the company’s stock.

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.