Occudo Quantitative Strategies LP Buys New Position in Vicor Co. (NASDAQ:VICR)

Occudo Quantitative Strategies LP bought a new stake in Vicor Co. (NASDAQ:VICR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,393 shares of the electronics maker's stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Vicor by 17.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock worth $185,903,000 after buying an additional 572,093 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vicor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock worth $122,223,000 after acquiring an additional 18,893 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Vicor in the fourth quarter worth about $79,889,000. Northern Trust Corp boosted its holdings in Vicor by 8.9% in the fourth quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock valued at $12,066,000 after purchasing an additional 20,321 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after purchasing an additional 600 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Quentin A. Fendelet sold 440 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 the SEC website. Also, Director Andrew D'amico sold 1,800 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Insiders have sold 7,642 shares of company stock worth $477,070 over the last ninety days. 31.30% of the stock is owned by insiders.

Vicor Price Performance

NASDAQ:VICR traded up $0.05 during mid-day trading on Tuesday, reaching $43.20. The stock had a trading volume of 42,020 shares, compared to its average volume of 237,820. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 83.05 and a beta of 1.79. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70. The stock's 50 day simple moving average is $47.09 and its two-hundred day simple moving average is $51.13.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.23). Vicor had a return on equity of 4.29% and a net margin of 6.46%. The firm had revenue of $93.97 million during the quarter, compared to analyst estimates of $96.63 million. During the same quarter in the previous year, the business posted $0.06 EPS. Vicor's revenue was up 12.0% compared to the same quarter last year.

Analyst Ratings Changes

Several equities research analysts have issued reports on VICR shares. StockNews.com downgraded Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a 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.