Franklin Resources Inc. Sells 15,487 Shares of Vicor Co. (NASDAQ:VICR)

Franklin Resources Inc. reduced its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,269 shares of the electronics maker's stock after selling 15,487 shares during the period. Franklin Resources Inc.'s holdings in Vicor were worth $1,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its stake in shares of Vicor by 2.1% in the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock valued at $35,908,000 after purchasing an additional 17,668 shares during the period. Barclays PLC boosted its position in Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock worth $1,658,000 after acquiring an additional 30,863 shares during the period. Geode Capital Management LLC grew its stake in shares of Vicor by 6.3% in the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock worth $24,094,000 after purchasing an additional 33,696 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock valued at $137,887,000 after purchasing an additional 1,236,264 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Vicor during the fourth quarter valued at about $1,557,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Up 0.2 %

Shares of NASDAQ VICR traded up $0.09 during mid-day trading on Friday, hitting $46.76. 115,477 shares of the company traded hands, compared to its average volume of 233,272. The business has a 50 day moving average of $51.96 and a two-hundred day moving average of $51.01. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 89.92 and a beta of 1.75. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 4,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the transaction, the vice president now directly owns 34,622 shares in the company, valued at approximately $2,111,942. This represents a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,642 shares of company stock worth $716,070 in the last 90 days. 31.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. StockNews.com lowered Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.

Vicor 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.