Millennium Management LLC Decreases Stock Position in Vicor Co. (NASDAQ:VICR)

Millennium Management LLC reduced its position in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 55.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $627,000 after purchasing an additional 654 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Vicor during the fourth quarter worth about $1,319,000. Circle Wealth Management LLC boosted its stake in Vicor by 14.8% in the 4th quarter. Circle Wealth Management LLC now owns 13,650 shares of the electronics maker's stock worth $660,000 after buying an additional 1,764 shares during the last quarter. Deutsche Bank AG grew its holdings in Vicor by 125.4% in the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock valued at $1,384,000 after buying an additional 15,932 shares during the period. Finally, Bosun Asset Management LLC purchased a new stake in Vicor in the 4th quarter valued at about $564,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Down 0.9%

Shares of NASDAQ VICR traded down $0.43 during midday trading on Thursday, hitting $45.00. The stock had a trading volume of 91,332 shares, compared to its average volume of 240,441. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 86.54 and a beta of 1.77. The company has a fifty day moving average price of $44.55 and a 200 day moving average price of $49.84.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly 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). Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $93.97 million for the quarter, compared to analyst estimates of $96.63 million. During the same period last year, the firm earned $0.06 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VICR. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Wall Street Zen lowered shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

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.