Victory Capital Management Inc. Trims Stock Position in Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. cut its stake in shares of Vicor Co. (NASDAQ:VICR) by 73.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,628 shares of the electronics maker’s stock after selling 17,923 shares during the period. Victory Capital Management Inc.’s holdings in Vicor were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Vicor by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock valued at $10,152,000 after acquiring an additional 5,199 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Vicor by 8.7% during the 4th quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker’s stock worth $507,000 after buying an additional 900 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Vicor during the 3rd quarter worth approximately $760,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Vicor by 12.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker’s stock worth $1,311,000 after buying an additional 2,400 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Vicor during the 3rd quarter worth approximately $1,241,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vicor

In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Gendron sold 2,000 shares of the 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 approximately $197,924.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,149 shares of company stock worth $257,265. 31.30% of the stock is owned by insiders.

Vicor Price Performance

NASDAQ VICR opened at $34.72 on Friday. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $98.38. The company has a market capitalization of $1.55 billion, a P/E ratio of 34.72 and a beta of 1.53. The business has a 50 day moving average price of $35.26 and a 200 day moving average price of $38.14.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.55%. The firm had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. During the same period in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was down 14.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Craig Hallum cut their target price on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, April 24th.

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.