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

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

Several other large investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Vicor in the 4th quarter worth approximately $140,000. Truist Financial Corp acquired a new stake in shares of Vicor during the 4th quarter valued at $213,000. Net Worth Advisory Group bought a new stake in shares of Vicor during the 4th quarter worth $218,000. Savant Capital LLC bought a new stake in shares of Vicor during the 4th quarter worth $223,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Vicor in the 4th quarter worth $227,000. Institutional investors own 47.45% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ:VICR traded up $0.83 during midday trading on Friday, hitting $43.60. 259,486 shares of the stock were exchanged, compared to its average volume of 239,890. The company has a market capitalization of $1.97 billion, a PE ratio of 83.85 and a beta of 1.79. Vicor Co. has a 52-week low of $31.65 and a 52-week high of $65.70. The business's fifty day simple moving average is $45.25 and its two-hundred day simple moving average is $50.44.

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 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 the consensus estimate of $96.63 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%. Vicor's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS.

Insider Activity at Vicor

In other news, CAO Quentin A. Fendelet sold 440 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 31.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report 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.

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.