Victory Capital Management Inc. Lowers Holdings in Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. cut its holdings in Vicor Co. (NASDAQ:VICR) by 55.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,680 shares of the electronics maker’s stock after selling 3,398 shares during the period. Victory Capital Management Inc.’s holdings in Vicor were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Analog Century Management LP lifted its holdings in Vicor by 39.2% in the 1st quarter. Analog Century Management LP now owns 81,543 shares of the electronics maker’s stock worth $6,934,000 after purchasing an additional 22,970 shares in the last quarter. Vantage Consulting Group Inc bought a new stake in Vicor in the 4th quarter worth approximately $73,000. UBS Asset Management Americas Inc. increased its stake in Vicor by 21.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 23,037 shares of the electronics maker’s stock worth $2,124,000 after acquiring an additional 4,015 shares during the last quarter. Blair William & Co. IL bought a new stake in Vicor in the 4th quarter worth approximately $743,000. Finally, Aperio Group LLC increased its stake in Vicor by 8.1% in the 4th quarter. Aperio Group LLC now owns 3,896 shares of the electronics maker’s stock worth $359,000 after acquiring an additional 293 shares during the last quarter. 36.93% of the stock is currently owned by institutional investors.

In other Vicor news, Director Andrew D’amico sold 1,000 shares of the company’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $93.01, for a total value of $93,010.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at approximately $93,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kemble D. Morrison sold 885 shares of the company’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $92.72, for a total value of $82,057.20. Following the completion of the sale, the vice president now owns 855 shares of the company’s stock, valued at $79,275.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,885 shares of company stock valued at $349,907. 36.60% of the stock is owned by company insiders.

A number of analysts have issued reports on the company. BWS Financial lifted their price objective on Vicor from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. Zacks Investment Research raised Vicor from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, March 2nd. Northland Securities boosted their target price on Vicor from $55.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, February 26th. Craig Hallum boosted their target price on Vicor from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 23rd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Vicor in a research report on Friday, April 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Vicor has a consensus rating of “Buy” and an average target price of $109.00.

VICR opened at $91.97 on Friday. The firm’s fifty day simple moving average is $86.81. Vicor Co. has a 52-week low of $63.68 and a 52-week high of $104.68. The stock has a market cap of $4.00 billion, a PE ratio of 117.91 and a beta of 0.67.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Wednesday, April 21st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. Vicor had a return on equity of 10.03% and a net margin of 10.79%. The company had revenue of $88.80 million during the quarter, compared to analysts’ expectations of $86.46 million. During the same quarter in the previous year, the business earned ($0.04) EPS. Vicor’s revenue was up 40.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vicor Co. will post 1.49 EPS for the current fiscal year.

Vicor 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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

Featured Story: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding VICR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vicor Co. (NASDAQ:VICR).

Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.