Sapient Capital LLC Purchases New Stake in Vicor Co. (NASDAQ:VICR)

Sapient Capital LLC acquired a new position in shares of Vicor Co. (NASDAQ:VICR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 44,650 shares of the electronics maker’s stock, valued at approximately $2,007,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Vicor by 0.5% in the 1st quarter. BlackRock Inc. now owns 2,477,074 shares of the electronics maker’s stock worth $116,274,000 after acquiring an additional 11,706 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Vicor by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,140,612 shares of the electronics maker’s stock worth $151,020,000 after purchasing an additional 40,996 shares during the period. Capital Research Global Investors grew its holdings in Vicor by 53.1% during the first quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker’s stock valued at $114,680,000 after purchasing an additional 563,884 shares during the period. Invesco Ltd. increased its position in Vicor by 1.0% in the first quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker’s stock worth $92,596,000 after buying an additional 12,892 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Vicor by 2,183.4% in the third quarter. JPMorgan Chase & Co. now owns 1,296,582 shares of the electronics maker’s stock valued at $76,356,000 after buying an additional 1,239,800 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Craig Hallum lowered Vicor from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Friday, February 23rd. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th.

Vicor Price Performance

Shares of NASDAQ:VICR traded down $0.88 during midday trading on Friday, hitting $36.89. The company had a trading volume of 25,280 shares, compared to its average volume of 266,643. The company has a fifty day moving average of $39.00 and a two-hundred day moving average of $41.85. Vicor Co. has a 12-month low of $35.00 and a 12-month high of $98.38. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 31.74 and a beta of 1.53.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $107.07 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year.

Insider Buying and Selling at Vicor

In related news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders sold 4,999 shares of company stock valued at $184,990 in the last 90 days. Insiders own 31.30% of the company’s stock.

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.