BNP Paribas Financial Markets Sells 56,236 Shares of Vicor Co. (NASDAQ:VICR)

BNP Paribas Financial Markets decreased its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 88.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,316 shares of the electronics maker's stock after selling 56,236 shares during the period. BNP Paribas Financial Markets' holdings in Vicor were worth $354,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in Vicor during the fourth quarter valued at approximately $79,889,000. JPMorgan Chase & Co. raised its holdings in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock valued at $185,903,000 after buying an additional 572,093 shares during the last quarter. Colrain Capital LLC bought a new position in Vicor in the 4th quarter worth $9,181,000. Raymond James Financial Inc. bought a new position in Vicor in the 4th quarter worth $7,349,000. Finally, Norges Bank bought a new position in Vicor in the 4th quarter worth $2,663,000. Institutional investors own 47.45% of the company's stock.

Vicor Stock Performance

Shares of Vicor stock traded up $1.03 on Friday, hitting $43.80. 132,984 shares of the company traded hands, compared to its average volume of 238,883. The business has a 50-day simple moving average of $45.25 and a 200 day simple moving average of $50.44. Vicor Co. has a 52 week low of $31.65 and a 52 week high of $65.70. The stock has a market capitalization of $1.98 billion, a P/E ratio of 84.25 and a beta of 1.79.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.23). The business had revenue of $93.97 million during the quarter, compared to analysts' expectations of $96.63 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.30% of the stock is owned by insiders.

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.