Summit Partners Public Asset Management LLC Takes $17.79 Million Position in Vicor Co. (NASDAQ:VICR)

Summit Partners Public Asset Management LLC bought a new stake in shares of Vicor Co. (NASDAQ:VICR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 368,100 shares of the electronics maker's stock, valued at approximately $17,787,000. Summit Partners Public Asset Management LLC owned approximately 0.82% of Vicor at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VICR. Wealthfront Advisers LLC acquired a new stake in shares of Vicor during the fourth quarter valued at about $79,889,000. JPMorgan Chase & Co. grew its stake in shares of Vicor by 17.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock valued at $185,903,000 after acquiring an additional 572,093 shares in the last quarter. Colrain Capital LLC acquired a new stake in shares of Vicor during the fourth quarter valued at about $9,181,000. Raymond James Financial Inc. acquired a new stake in shares of Vicor during the fourth quarter valued at about $7,349,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Vicor by 184.1% during the fourth quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock valued at $8,214,000 after acquiring an additional 110,162 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Performance

Shares of VICR stock opened at $43.37 on Friday. Vicor Co. has a one year low of $31.65 and a one year high of $65.70. The company's 50-day simple moving average is $47.30 and its 200-day simple moving average is $51.08. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 83.41 and a beta of 1.79.

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

Insiders Place Their Bets

In other Vicor news, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 7,642 shares of company stock valued at $477,070 over the last quarter. Insiders own 31.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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