Squarepoint Ops LLC Acquires Shares of 23,300 Vicor Co. (NASDAQ:VICR)

Squarepoint Ops LLC bought a new position in Vicor Co. (NASDAQ:VICR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 23,300 shares of the electronics maker's stock, valued at approximately $1,126,000. Squarepoint Ops LLC owned approximately 0.05% of Vicor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICR. JPMorgan Chase & Co. lifted its holdings in shares of Vicor by 17.5% in the 4th 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 during the last quarter. Vanguard Group Inc. raised its position in Vicor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock worth $122,223,000 after acquiring an additional 18,893 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Vicor during the fourth quarter worth approximately $79,889,000. Summit Partners Public Asset Management LLC acquired a new position in Vicor in the fourth quarter valued at $17,787,000. Finally, Northern Trust Corp lifted its holdings in shares of Vicor by 8.9% during the 4th quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock worth $12,066,000 after acquiring an additional 20,321 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.

Insider Activity at Vicor

In related news, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. 31.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Vicor Trading Up 1.9%

NASDAQ:VICR traded up $0.83 on Friday, hitting $43.60. 259,486 shares of the company's stock traded hands, compared to its average volume of 240,422. The firm has a 50-day moving average price of $45.03 and a 200-day moving average price of $50.30. Vicor Co. has a 1 year low of $31.65 and a 1 year high of $65.70. The company has a market cap of $1.97 billion, a PE ratio of 83.85 and a beta of 1.79.

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

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.