55,106 Shares in Vicor Co. (NASDAQ:VICR) Purchased by Norges Bank

Norges Bank acquired a new position in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 55,106 shares of the electronics maker's stock, valued at approximately $2,663,000. Norges Bank owned 0.12% of Vicor at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VICR. JPMorgan Chase & Co. boosted its stake in shares of Vicor by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock valued at $185,903,000 after buying an additional 572,093 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Vicor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock worth $122,223,000 after buying an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Vicor in the 4th quarter valued at $79,889,000. State Street Corp lifted its position in Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock worth $35,908,000 after buying an additional 17,668 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 acquiring an additional 33,696 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Claudio Tuozzolo sold 3,504 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the completion of the sale, the vice president now directly owns 34,622 shares of the company's stock, valued at $2,111,942. This trade represents a 9.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew D'amico sold 4,000 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The disclosure for this sale can be found here. Insiders sold a total of 11,642 shares of company stock valued at $716,070 over the last three months. Insiders own 31.00% of the company's stock.

Vicor Stock Down 2.2 %

VICR stock traded down $1.03 during midday trading on Wednesday, reaching $46.01. The company had a trading volume of 27,231 shares, compared to its average volume of 232,785. The firm has a market capitalization of $2.08 billion, a PE ratio of 88.48 and a beta of 1.75. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70. The stock has a 50 day moving average price of $52.19 and a 200 day moving average price of $50.84.

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

Analysts Set New Price Targets

A number of research firms have issued reports on VICR. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

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.