Principal Financial Group Inc. Sells 14,705 Shares of Vicor Corporation $VICR

Principal Financial Group Inc. lowered its holdings in Vicor Corporation (NASDAQ:VICR) by 11.7% in the 3rd quarter, Holdings Channel reports. The firm owned 110,760 shares of the electronics maker’s stock after selling 14,705 shares during the period. Principal Financial Group Inc.’s holdings in Vicor were worth $5,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Vicor by 90.9% during the 2nd quarter. AQR Capital Management LLC now owns 78,189 shares of the electronics maker’s stock valued at $3,547,000 after acquiring an additional 37,222 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Vicor in the second quarter worth approximately $1,559,000. Colrain Capital LLC raised its holdings in shares of Vicor by 14.5% during the second quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock valued at $10,442,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Vicor by 221.0% during the second quarter. Qube Research & Technologies Ltd now owns 36,133 shares of the electronics maker’s stock valued at $1,639,000 after purchasing an additional 24,876 shares during the period. 47.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vicor news, CFO James F. Schmidt sold 5,000 shares of Vicor stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the transaction, the chief financial officer owned 875 shares of the company’s stock, valued at $96,250. The trade was a 85.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew D’amico sold 200 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $155.00, for a total transaction of $31,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,306 shares of company stock valued at $13,918,540. 31.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, October 22nd. Finally, Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.33.

Vicor Stock Down 5.1%

Shares of VICR opened at $155.96 on Friday. The business has a 50-day simple moving average of $134.02 and a two-hundred day simple moving average of $88.83. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $177.00. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 85.22 and a beta of 1.90.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.