Millennium Management LLC Has $270,000 Stock Position in Vicor Co. (NASDAQ:VICR)

Millennium Management LLC reduced its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 55.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,589 shares of the electronics maker's stock after selling 7,022 shares during the period. Millennium Management LLC's holdings in Vicor were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in Vicor by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock worth $10,314,000 after purchasing an additional 600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vicor by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock valued at $627,000 after acquiring an additional 654 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Vicor by 8.2% during 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 in the last quarter. Swiss National Bank boosted its position in shares of Vicor by 2.5% during the 4th quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock worth $2,219,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Vicor by 1.9% in the 4th quarter. Invesco Ltd. now owns 60,028 shares of the electronics maker's stock worth $2,901,000 after acquiring an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on VICR shares. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a report on Tuesday, February 18th.

Vicor Stock Performance

Shares of VICR traded down $1.35 during mid-day trading on Friday, hitting $43.65. 178,622 shares of the company were exchanged, compared to its average volume of 241,114. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 83.94 and a beta of 1.77. The company has a 50 day moving average of $44.59 and a 200-day moving average of $49.65.

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