Nuveen Asset Management LLC Buys 110,162 Shares of Vicor Co. (NASDAQ:VICR)

Nuveen Asset Management LLC raised its position in Vicor Co. (NASDAQ:VICR - Free Report) by 184.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,989 shares of the electronics maker's stock after purchasing an additional 110,162 shares during the period. Nuveen Asset Management LLC owned approximately 0.38% of Vicor worth $8,214,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 572,093 shares in the last quarter. Vanguard Group Inc. increased its stake in Vicor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock valued at $122,223,000 after purchasing an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Vicor in the fourth quarter valued at approximately $79,889,000. Northern Trust Corp increased its stake in Vicor by 8.9% in the fourth quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock valued at $12,066,000 after purchasing an additional 20,321 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Vicor Trading Down 1.2%

Shares of VICR stock traded down $0.53 during trading hours on Monday, hitting $43.11. 186,853 shares of the company were exchanged, compared to its average volume of 240,206. The business has a 50 day moving average of $44.82 and a two-hundred day moving average of $50.22. Vicor Co. has a 52 week low of $31.65 and a 52 week high of $65.70. The company has a market capitalization of $1.95 billion, a PE ratio of 82.91 and a beta of 1.79.

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). Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company had revenue of $93.97 million for the quarter, compared to the consensus estimate of $96.63 million. During the same period in the prior year, the company earned $0.06 EPS. The firm's revenue was up 12.0% on a year-over-year basis.

Analyst Ratings Changes

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

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.