190,002 Shares in Vicor Co. (NASDAQ:VICR) Purchased by Colrain Capital LLC

Colrain Capital LLC acquired a new position in shares of Vicor Co. (NASDAQ:VICR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 190,002 shares of the electronics maker’s stock, valued at approximately $9,181,000. Vicor comprises 9.0% of Colrain Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Colrain Capital LLC owned about 0.42% of Vicor as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. Truist Financial Corp bought a new position in Vicor during the fourth quarter worth about $213,000. Net Worth Advisory Group acquired a new position in shares of Vicor during the 4th quarter worth about $218,000. Savant Capital LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $223,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $227,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vicor

In related news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Claudio Tuozzolo sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the completion of the transaction, the vice president now owns 33,622 shares of the company’s stock, valued at approximately $2,178,369.38. This represents a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,642 shares of company stock valued at $819,890 over the last 90 days. 31.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, StockNews.com cut Vicor from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Vicor Trading Down 4.4 %

VICR opened at $48.40 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 93.08 and a beta of 1.45. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $65.70. The firm’s fifty day simple moving average is $53.87 and its 200 day simple moving average is $50.24.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $96.17 million during the quarter, compared to analysts’ expectations of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

Vicor Company 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 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.