BNP Paribas Financial Markets Sells 99,329 Shares of Vicor Co. (NASDAQ:VICR)

BNP Paribas Financial Markets trimmed its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 58.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,815 shares of the electronics maker's stock after selling 99,329 shares during the quarter. BNP Paribas Financial Markets owned about 0.16% of Vicor worth $3,182,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Swiss National Bank lifted its stake in Vicor by 1.4% in the 3rd quarter. Swiss National Bank now owns 50,032 shares of the electronics maker's stock worth $2,946,000 after purchasing an additional 700 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker's stock valued at $178,000 after buying an additional 706 shares during the period. Bouvel Investment Partners LLC raised its position in shares of Vicor by 4.3% during the 4th quarter. Bouvel Investment Partners LLC now owns 17,022 shares of the electronics maker's stock valued at $765,000 after buying an additional 708 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of Vicor during the 4th quarter valued at approximately $35,000. Finally, Advisors Asset Management Inc. raised its position in shares of Vicor by 10.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,743 shares of the electronics maker's stock valued at $515,000 after buying an additional 795 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Nancy L. Grava sold 1,277 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Nancy L. Grava sold 1,277 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders sold a total of 7,149 shares of company stock worth $257,265 over the last 90 days. Corporate insiders own 31.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VICR. Craig Hallum reduced their price target on shares of Vicor from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, April 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Vicor from a "sell" rating to a "hold" rating in a report on Thursday, May 16th.

Vicor Trading Down 0.3 %

Vicor stock traded down $0.12 during trading on Thursday, hitting $34.76. The company had a trading volume of 194,944 shares, compared to its average volume of 252,011. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $98.38. The company's 50 day simple moving average is $35.28 and its 200-day simple moving average is $38.17. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 34.76 and a beta of 1.53.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.55% and a net margin of 11.49%. The business's revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.

About Vicor

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.