Scout Investments Inc. Has $5.17 Million Stock Holdings in Vicor Co. (NASDAQ:VICR)

Scout Investments Inc. trimmed its stake in Vicor Co. (NASDAQ:VICR) by 6.0% in the first quarter, HoldingsChannel reports. The firm owned 135,653 shares of the electronics maker’s stock after selling 8,634 shares during the period. Scout Investments Inc.’s holdings in Vicor were worth $5,166,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Byrne Asset Management LLC acquired a new position in shares of Vicor during the fourth quarter valued at about $35,000. PNC Financial Services Group Inc. grew its holdings in shares of Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares during the last quarter. New Mexico Educational Retirement Board acquired a new position in shares of Vicor during the first quarter valued at about $172,000. Truist Financial Corp grew its holdings in shares of Vicor by 35.7% during the fourth quarter. Truist Financial Corp now owns 5,000 shares of the electronics maker’s stock valued at $225,000 after buying an additional 1,315 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Vicor during the first quarter valued at about $264,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on VICR shares. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Craig Hallum dropped their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Monday, June 24th.

Insider Activity at Vicor

In related news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 2,150 shares of company stock valued at $72,275. Corporate insiders own 31.30% of the company’s stock.

Vicor Stock Performance

VICR stock traded down $0.79 during mid-day trading on Friday, hitting $36.18. The company had a trading volume of 239,582 shares, compared to its average volume of 233,797. The firm has a market cap of $1.61 billion, a PE ratio of 36.97 and a beta of 1.50. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $98.38. The stock’s fifty day moving average price is $34.32 and its two-hundred day moving average price is $36.60.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.55%. Vicor’s revenue was down 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS.

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.