State of Tennessee Department of Treasury Sells 2,044 Shares of Vicor Co. (NASDAQ:VICR)

State of Tennessee Department of Treasury lessened its holdings in Vicor Co. (NASDAQ:VICR) by 12.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,836 shares of the electronics maker’s stock after selling 2,044 shares during the period. State of Tennessee Department of Treasury’s holdings in Vicor were worth $669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MetLife Investment Management LLC boosted its stake in shares of Vicor by 8.2% during the 4th quarter. MetLife Investment Management LLC now owns 13,700 shares of the electronics maker’s stock worth $662,000 after acquiring an additional 1,039 shares during the last quarter. Barclays PLC raised its holdings in Vicor by 4.6% in the 4th quarter. Barclays PLC now owns 41,202 shares of the electronics maker’s stock worth $1,991,000 after purchasing an additional 1,805 shares during the period. Raymond James Financial Inc. purchased a new position in Vicor during the fourth quarter valued at $7,349,000. Legal & General Group Plc grew its holdings in Vicor by 3.6% during the fourth quarter. Legal & General Group Plc now owns 67,108 shares of the electronics maker’s stock valued at $3,243,000 after purchasing an additional 2,327 shares during the period. Finally, Invesco Ltd. increased its position in Vicor by 1.9% in the fourth quarter. Invesco Ltd. now owns 60,028 shares of the electronics maker’s stock worth $2,901,000 after buying an additional 1,136 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Activity at Vicor

In other Vicor news, VP Claudio Tuozzolo sold 1,898 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total transaction 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 $2,178,369.38. This represents a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,642 shares of company stock valued at $477,070. Corporate insiders own 31.00% of the company’s stock.

Vicor Stock Up 4.2 %

NASDAQ VICR opened at $41.07 on Friday. Vicor Co. has a twelve month low of $31.65 and a twelve month high of $65.70. The business has a 50-day moving average price of $50.57 and a 200-day moving average price of $51.24. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 78.98 and a beta of 1.79.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.23). The business had revenue of $93.97 million during the quarter, compared to the consensus estimate of $96.63 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share.

Analyst Ratings Changes

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

Vicor 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.