Pinnacle Associates Ltd. Has $3.34 Million Position in Vicor Co. (NASDAQ:VICR)

Pinnacle Associates Ltd. reduced its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 26.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,365 shares of the electronics maker's stock after selling 26,688 shares during the period. Pinnacle Associates Ltd. owned approximately 0.17% of Vicor worth $3,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Vicor by 2.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,566 shares of the electronics maker's stock worth $409,000 after purchasing an additional 181 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Vicor by 2.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,352 shares of the electronics maker's stock worth $457,000 after purchasing an additional 212 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Vicor by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 46,278 shares of the electronics maker's stock valued at $2,487,000 after purchasing an additional 220 shares during the period. Royal Bank of Canada grew its holdings in shares of Vicor by 51.8% in the third quarter. Royal Bank of Canada now owns 894 shares of the electronics maker's stock worth $53,000 after purchasing an additional 305 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Vicor by 51.9% in the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker's stock worth $59,000 after buying an additional 339 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Robert Gendron sold 2,000 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Kemble D. Morrison sold 2,659 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Gendron sold 2,000 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,999 shares of company stock valued at $184,990. Insiders own 31.30% of the company's stock.

Wall Street Analysts Forecast Growth

VICR has been the subject of several research reports. StockNews.com raised shares of Vicor from a "sell" rating to a "hold" rating in a research report on Friday, March 22nd. Craig Hallum downgraded Vicor from a "buy" rating to a "hold" rating and set a $40.00 price objective on the stock. in a report on Friday, February 23rd.

Vicor Trading Down 0.4 %

Shares of VICR stock traded down $0.16 during trading hours on Monday, reaching $38.08. 147,236 shares of the company's stock were exchanged, compared to its average volume of 284,973. Vicor Co. has a fifty-two week low of $35.00 and a fifty-two week high of $98.38. The stock's 50 day moving average is $39.07 and its 200-day moving average is $42.80. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 32.00 and a beta of 1.53.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The electronics maker reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.17). The business had revenue of $92.70 million during the quarter, compared to analysts' expectations of $107.07 million. Vicor had a net margin of 13.23% and a return on equity of 10.45%. The company's quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share.

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.