Brown Capital Management LLC Has $40.11 Million Position in Vicor Co. (NASDAQ:VICR)

Brown Capital Management LLC trimmed its holdings in Vicor Co. (NASDAQ:VICR) by 10.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 952,763 shares of the electronics maker’s stock after selling 112,318 shares during the quarter. Brown Capital Management LLC’s holdings in Vicor were worth $40,111,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of Vicor by 27.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,161 shares of the electronics maker’s stock worth $312,000 after acquiring an additional 1,770 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vicor by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock valued at $95,438,000 after purchasing an additional 18,331 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Vicor by 7.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,941 shares of the electronics maker’s stock worth $723,000 after buying an additional 1,392 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vicor by 15.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,229 shares of the electronics maker’s stock valued at $736,000 after buying an additional 2,535 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in Vicor in the 1st quarter valued at $227,000. 47.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VICR. Craig Hallum upped their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the transaction, the vice president now directly owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.00% of the company’s stock.

Vicor Stock Up 1.5 %

Shares of NASDAQ VICR opened at $53.87 on Thursday. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The company’s fifty day moving average is $45.09 and its 200-day moving average is $38.95. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 112.23 and a beta of 1.48.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The business’s revenue was down 13.6% on a year-over-year basis.

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.