New York State Common Retirement Fund decreased its position in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,057 shares of the electronics maker's stock after selling 62,009 shares during the quarter. New York State Common Retirement Fund owned approximately 0.59% of Vicor worth $11,867,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Duality Advisers LP lifted its stake in shares of Vicor by 24.2% during the 4th quarter. Duality Advisers LP now owns 21,234 shares of the electronics maker's stock worth $954,000 after purchasing an additional 4,142 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Vicor during the 4th quarter worth $508,000. Byrne Asset Management LLC purchased a new stake in shares of Vicor during the 4th quarter worth $35,000. Sapient Capital LLC purchased a new stake in shares of Vicor during the 4th quarter worth $2,007,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Vicor during the 4th quarter worth $458,000. Institutional investors own 47.45% of the company's stock.
Insider Activity
In other news, VP Kemble D. Morrison sold 2,659 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now 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 accessible through this link. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $184,990 over the last quarter. 31.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
VICR has been the subject of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Wednesday, April 24th. Craig Hallum dropped their target price on Vicor from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com lowered Vicor from a "hold" rating to a "sell" rating in a report on Sunday.
Read Our Latest Stock Report on Vicor
Vicor Trading Down 1.7 %
VICR traded down $0.56 during trading on Wednesday, hitting $31.82. The company's stock had a trading volume of 222,189 shares, compared to its average volume of 269,424. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $98.38. The business's fifty day simple moving average is $36.85 and its 200 day simple moving average is $39.54. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 32.38 and a beta of 1.53.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.48%. The firm's revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share.
Vicor Company Profile
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Free Report)
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.
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