9,863 Shares in Vicor Co. (NASDAQ:VICR) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,863 shares of the electronics maker's stock, valued at approximately $477,000.

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

Vicor Stock Performance

NASDAQ:VICR traded up $0.22 during trading hours on Thursday, reaching $46.89. The company's stock had a trading volume of 25,924 shares, compared to its average volume of 232,473. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $65.70. The firm has a 50-day simple moving average of $52.12 and a 200-day simple moving average of $50.81. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 90.42 and a beta of 1.75.

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

Analyst Ratings Changes

A number of research firms have commented on VICR. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, StockNews.com lowered Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction that occurred 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 have sold 11,642 shares of company stock worth $716,070. 31.00% of the stock is currently owned by insiders.

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.