Bank of New York Mellon Corp Cuts Position in Vicor Corporation (NASDAQ:VICR)

Bank of New York Mellon Corp lessened its holdings in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,275 shares of the electronics maker's stock after selling 5,338 shares during the period. Bank of New York Mellon Corp owned approximately 0.32% of Vicor worth $6,702,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. grew its stake in Vicor by 35.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock valued at $5,860,000 after acquiring an additional 31,774 shares during the last quarter. Swiss National Bank raised its position in Vicor by 2.5% during the fourth quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock worth $2,219,000 after acquiring an additional 1,100 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Vicor during the fourth quarter worth about $231,000. American Century Companies Inc. raised its position in Vicor by 20.0% during the fourth quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock worth $390,000 after acquiring an additional 1,344 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Vicor during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 31.30% of the company's stock.

Vicor Stock Down 1.6%

Shares of VICR traded down $0.74 during trading hours on Friday, reaching $46.41. 420,538 shares of the company traded hands, compared to its average volume of 378,550. The stock has a market capitalization of $2.10 billion, a PE ratio of 31.79 and a beta of 1.75. Vicor Corporation has a fifty-two week low of $34.27 and a fifty-two week high of $65.70. The stock has a fifty day simple moving average of $45.19 and a 200 day simple moving average of $48.39.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.73. Vicor had a return on equity of 11.32% and a net margin of 15.44%. The firm had revenue of $141.05 million for the quarter, compared to the consensus estimate of $96.43 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 64.3% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICR. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday.

About Vicor

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.