Bank of America Corp DE Has $3.02 Million Position in Vicor Co. (NASDAQ:VICR)

Bank of America Corp DE cut its stake in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 30.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,479 shares of the electronics maker's stock after selling 26,991 shares during the period. Bank of America Corp DE owned 0.14% of Vicor worth $3,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 acquiring an additional 600 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Vicor by 8.2% in the 4th quarter. MetLife Investment Management LLC now owns 13,700 shares of the electronics maker's stock worth $662,000 after purchasing an additional 1,039 shares during the period. Swiss National Bank lifted its stake in shares of Vicor by 2.5% in the 4th quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock valued at $2,219,000 after purchasing an additional 1,100 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Vicor by 1.9% in the 4th quarter. Invesco Ltd. now owns 60,028 shares of the electronics maker's stock valued at $2,901,000 after purchasing an additional 1,136 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Vicor by 20.0% during the 4th quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock worth $390,000 after purchasing an additional 1,344 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICR has been the topic of several research reports. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

Vicor Trading Up 0.7%

VICR traded up $0.30 during midday trading on Wednesday, reaching $44.19. The company's stock had a trading volume of 154,254 shares, compared to its average volume of 240,529. The stock has a market cap of $2.00 billion, a P/E ratio of 84.98 and a beta of 1.79. The company has a fifty day simple moving average of $44.60 and a 200 day simple moving average of $50.13. Vicor Co. has a twelve month low of $31.65 and a twelve month high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $93.97 million during the quarter, compared to the consensus estimate of $96.63 million. During the same quarter last year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 12.0% on a year-over-year basis.

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.