Vicor Co. (NASDAQ:VICR) Position Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,284 shares of the electronics maker's stock after selling 140,598 shares during the period. D. E. Shaw & Co. Inc. owned 0.07% of Vicor worth $1,512,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VICR. Simon Quick Advisors LLC raised its holdings in Vicor by 4.1% in the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock worth $395,000 after purchasing an additional 324 shares during the period. SG Americas Securities LLC raised its position in Vicor by 64.4% during the fourth quarter. SG Americas Securities LLC now owns 17,156 shares of the electronics maker's stock valued at $829,000 after purchasing an additional 6,720 shares during the period. Savant Capital LLC bought a new position in Vicor during the fourth quarter valued at $223,000. Principal Financial Group Inc. raised its position in Vicor by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 112,125 shares of the electronics maker's stock worth $5,418,000 after purchasing an additional 3,453 shares during the period. Finally, Truist Financial Corp purchased a new stake in Vicor in the fourth quarter worth $213,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Stock Down 1.0%

NASDAQ:VICR traded down $0.43 on Wednesday, reaching $42.08. The company's stock had a trading volume of 16,115 shares, compared to its average volume of 238,007. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 80.92 and a beta of 1.79. Vicor Co. has a 12-month low of $31.65 and a 12-month high of $65.70. The stock has a 50 day moving average price of $45.73 and a 200 day moving average price of $50.63.

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

Insider Buying and Selling

In related news, CAO Quentin A. Fendelet sold 440 shares of the business's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 31.30% of the company's stock.

Analysts Set New Price Targets

VICR has been the topic of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th.

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.