44,812 Shares in Vicor Co. (NASDAQ:VICR) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,812 shares of the electronics maker's stock, valued at approximately $1,714,000. Assenagon Asset Management S.A. owned approximately 0.10% of Vicor at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sapient Capital LLC purchased a new stake in shares of Vicor during the fourth quarter worth $2,007,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Vicor by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker's stock worth $10,152,000 after acquiring an additional 5,199 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Vicor by 8.7% during the fourth quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker's stock worth $507,000 after acquiring an additional 900 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Vicor during the third quarter worth $760,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Vicor by 12.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker's stock worth $1,311,000 after acquiring an additional 2,400 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vicor

In related 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 transaction of $98,383.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Kemble D. Morrison sold 2,659 shares of the company'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 document filed with the SEC, which can be accessed through this link. Also, VP Robert Gendron sold 2,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Insiders have sold 7,149 shares of company stock worth $257,265 over the last three months. Company insiders own 31.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VICR. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, April 24th. Craig Hallum cut 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 upgraded Vicor from a "sell" rating to a "hold" rating in a report on Thursday.

Vicor Price Performance

Shares of NASDAQ VICR traded up $0.11 during trading hours on Monday, hitting $33.81. 176,904 shares of the company's stock were exchanged, compared to its average volume of 254,509. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $98.38. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.81 and a beta of 1.53. The company's 50-day moving average price is $35.36 and its 200-day moving average price is $38.26.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a return on equity of 8.55% and a net margin of 11.49%. The business had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. During the same period in the prior year, the firm posted $0.25 EPS. Vicor's revenue for the quarter was down 14.3% on a year-over-year basis.

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.

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