Northern Trust Corp Boosts Holdings in Vicor Co. (NASDAQ:VICR)

Northern Trust Corp grew its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 249,717 shares of the electronics maker's stock after purchasing an additional 20,321 shares during the period. Northern Trust Corp owned approximately 0.55% of Vicor worth $12,066,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. increased its position in Vicor by 40.1% during the 3rd quarter. Franklin Resources Inc. now owns 36,756 shares of the electronics maker's stock valued at $1,529,000 after buying an additional 10,526 shares in the last quarter. Bouvel Investment Partners LLC increased its holdings in shares of Vicor by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock valued at $1,198,000 after acquiring an additional 243 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Vicor by 4.1% in the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock worth $395,000 after purchasing an additional 324 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Vicor by 64.4% in the 4th quarter. SG Americas Securities LLC now owns 17,156 shares of the electronics maker's stock worth $829,000 after purchasing an additional 6,720 shares during the last quarter. Finally, Savant Capital LLC bought a new position in Vicor in the 4th quarter worth about $223,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrew D'amico sold 1,800 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. Insiders sold 7,642 shares of company stock valued at $477,070 over the last 90 days. Company insiders own 31.30% of the company's stock.

Vicor Stock Performance

Shares of VICR stock traded up $0.39 during trading hours on Tuesday, reaching $43.54. The company had a trading volume of 194,778 shares, compared to its average volume of 238,416. The business has a fifty day moving average price of $47.09 and a 200-day moving average price of $51.13. Vicor Co. has a one year low of $31.65 and a one year high of $65.70. The firm has a market cap of $1.97 billion, a PE ratio of 83.73 and a beta of 1.79.

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

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. StockNews.com downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

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.