Renaissance Technologies LLC Sells 34,000 Shares of Vicor Co. (NASDAQ:VICR)

Renaissance Technologies LLC decreased its stake in Vicor Co. (NASDAQ:VICR - Free Report) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the electronics maker's stock after selling 34,000 shares during the period. Renaissance Technologies LLC's holdings in Vicor were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VICR. Barclays PLC raised its stake in shares of Vicor by 361.6% in the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock worth $1,658,000 after buying an additional 30,863 shares in the last quarter. Franklin Resources Inc. raised its position in Vicor by 40.1% in the third quarter. Franklin Resources Inc. now owns 36,756 shares of the electronics maker's stock worth $1,529,000 after acquiring an additional 10,526 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Vicor in the 4th quarter valued at about $1,557,000. Bouvel Investment Partners LLC boosted its position in shares of Vicor by 1.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock valued at $1,198,000 after purchasing an additional 243 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in shares of Vicor by 4.1% during the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock valued at $395,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Stock Performance

NASDAQ:VICR traded down $0.53 during trading hours on Wednesday, hitting $40.84. 88,912 shares of the company's stock traded hands, compared to its average volume of 234,999. Vicor Co. has a twelve month low of $31.65 and a twelve month high of $65.70. The firm has a market cap of $1.85 billion, a P/E ratio of 78.04 and a beta of 1.79. The stock's fifty day moving average price is $49.68 and its two-hundred day moving average price is $51.31.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.23). Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $93.97 million during the quarter, compared to analyst estimates of $96.63 million. During the same quarter in the prior year, the company earned $0.06 EPS. Vicor's revenue for the quarter was up 12.0% on a year-over-year basis.

Analyst Ratings Changes

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

Insider Activity at Vicor

In other Vicor news, VP Claudio Tuozzolo sold 3,504 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at $2,111,942. This represents a 9.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew D'amico sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,642 shares of company stock valued at $477,070. 31.00% of the stock is owned by corporate insiders.

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.