Alliancebernstein L.P. Trims Stock Holdings in Vicor Co. (NASDAQ:VICR)

Alliancebernstein L.P. reduced its position in Vicor Co. (NASDAQ:VICR - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,241 shares of the electronics maker's stock after selling 5,800 shares during the period. Alliancebernstein L.P.'s holdings in Vicor were worth $1,075,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wealthfront Advisers LLC bought a new position in shares of Vicor during the fourth quarter worth approximately $79,889,000. JPMorgan Chase & Co. increased its holdings in shares of Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock worth $137,887,000 after buying an additional 1,236,264 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vicor in the 4th quarter worth about $7,349,000. Norges Bank acquired a new stake in Vicor during the fourth quarter worth approximately $2,663,000. Finally, Geode Capital Management LLC boosted its position in shares of Vicor by 6.3% during the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock valued at $24,094,000 after buying an additional 33,696 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vicor news, Director Andrew D'amico sold 1,800 shares of Vicor stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction on Monday, March 3rd. The shares were 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. In the last three months, insiders sold 7,642 shares of company stock valued at $477,070. Insiders own 31.00% of the company's stock.

Vicor Trading Up 4.6 %

VICR traded up $2.20 during midday trading on Thursday, reaching $49.95. The company's stock had a trading volume of 15,874 shares, compared to its average volume of 231,054. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $65.70. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 95.98 and a beta of 1.75. The stock's 50-day moving average is $51.81 and its 200-day moving average is $50.99.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The firm had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million.

Analysts Set New Price Targets

A number of brokerages have weighed in on VICR. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. StockNews.com lowered shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th.

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.