Simon Quick Advisors LLC Increases Stock Position in Vicor Co. (NASDAQ:VICR)

Simon Quick Advisors LLC boosted its position in Vicor Co. (NASDAQ:VICR) by 4.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,175 shares of the electronics maker’s stock after acquiring an additional 324 shares during the period. Simon Quick Advisors LLC’s holdings in Vicor were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VICR. Harbor Capital Advisors Inc. bought a new stake in shares of Vicor in the fourth quarter worth about $1,557,000. Barclays PLC lifted its holdings in Vicor by 361.6% in the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock worth $1,658,000 after buying an additional 30,863 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after buying an additional 12,203 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vicor by 6.3% during the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after buying an additional 33,696 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Vicor during the second quarter valued at approximately $5,019,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Down 4.9 %

NASDAQ VICR opened at $57.65 on Friday. The firm has a market capitalization of $2.60 billion, a PE ratio of 120.11 and a beta of 1.50. The stock’s 50 day moving average is $52.38 and its 200 day moving average is $44.73. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $62.00.

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

Insider Activity at Vicor

In other news, Director Andrew D’amico sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,856 shares of company stock valued at $837,413 in the last three months. Company insiders own 31.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.