Voloridge Investment Management LLC Reduces Stock Position in Vicor Co. (NASDAQ:VICR)

Voloridge Investment Management LLC lessened its position in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 72.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,556 shares of the electronics maker's stock after selling 94,802 shares during the period. Voloridge Investment Management LLC owned approximately 0.08% of Vicor worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC purchased a new stake in shares of Vicor in the 4th quarter valued at about $223,000. Nuveen Asset Management LLC raised its stake in Vicor by 184.1% in the fourth quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock valued at $8,214,000 after purchasing an additional 110,162 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Vicor in the fourth quarter valued at approximately $616,000. SG Americas Securities LLC lifted 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 last quarter. Finally, Deutsche Bank AG grew its stake in Vicor by 125.4% in the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after buying an additional 15,932 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Performance

VICR traded down $0.53 during midday trading on Monday, hitting $43.11. The stock had a trading volume of 186,853 shares, compared to its average volume of 240,206. Vicor Co. has a 1 year low of $31.65 and a 1 year high of $65.70. The business has a fifty day moving average of $44.82 and a 200 day moving average of $50.22. The company has a market cap of $1.95 billion, a P/E ratio of 82.91 and a beta of 1.79.

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

Analysts Set New Price Targets

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

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.