BNP Paribas Financial Markets Has $354,000 Stake in Vicor Co. (NASDAQ:VICR)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of VICR. Wealthfront Advisers LLC acquired a new stake in Vicor during the 4th quarter worth approximately $79,889,000. JPMorgan Chase & Co. grew its position in Vicor by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock valued at $185,903,000 after acquiring an additional 572,093 shares in the last quarter. Colrain Capital LLC acquired a new stake in Vicor in the fourth quarter valued at approximately $9,181,000. Raymond James Financial Inc. acquired a new stake in Vicor in the fourth quarter valued at approximately $7,349,000. Finally, Norges Bank acquired a new stake in Vicor in the fourth quarter valued at approximately $2,663,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Insider Buying and Selling

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 sale was disclosed in a legal filing with the SEC, which is available at this link. 31.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Vicor Trading Up 1.9%

NASDAQ:VICR traded up $0.83 during mid-day trading on Friday, reaching $43.60. 259,486 shares of the stock were exchanged, compared to its average volume of 240,422. The business has a fifty day moving average price of $45.03 and a 200 day moving average price of $50.30. The firm has a market capitalization of $1.97 billion, a PE ratio of 83.85 and a beta of 1.79. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70.

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

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.