Ameriprise Financial Inc. Has $5.74 Million Holdings in Vicor Co. (NASDAQ:VICR)

Ameriprise Financial Inc. decreased its position in Vicor Co. (NASDAQ:VICR - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,831 shares of the electronics maker's stock after selling 35,865 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of Vicor worth $5,742,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Vicor in the 4th quarter worth approximately $140,000. Truist Financial Corp bought a new stake in shares of Vicor in the 4th quarter worth approximately $213,000. Net Worth Advisory Group bought a new stake in shares of Vicor in the 4th quarter worth approximately $218,000. Savant Capital LLC bought a new stake in shares of Vicor in the 4th quarter worth approximately $223,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Vicor in the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VICR shares. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th.

Insider Activity at Vicor

In other Vicor news, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.30% of the stock is owned by corporate insiders.

Vicor Stock Performance

NASDAQ:VICR traded down $0.06 during trading hours on Wednesday, hitting $42.44. 70,637 shares of the company's stock traded hands, compared to its average volume of 238,241. The firm has a market cap of $1.92 billion, a P/E ratio of 81.65 and a beta of 1.79. Vicor Co. has a twelve month low of $31.65 and a twelve month high of $65.70. The stock's fifty day moving average price is $45.73 and its two-hundred day moving average price is $50.63.

Vicor (NASDAQ:VICR - Get Free Report) last issued its 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). 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 period in the previous year, the company earned $0.06 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis.

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.