Vicor Co. (NASDAQ:VICR) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,717 shares of the electronics maker's stock after buying an additional 20,321 shares during the quarter. Northern Trust Corp owned approximately 0.55% of Vicor worth $12,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICR. Headlands Technologies LLC purchased a new position in Vicor during the 4th quarter worth $140,000. Truist Financial Corp bought a new stake in Vicor during the 4th quarter valued at $213,000. Net Worth Advisory Group bought a new stake in Vicor during the 4th quarter valued at $218,000. Savant Capital LLC bought a new stake in Vicor during the 4th quarter valued at $223,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vicor during the 4th quarter valued at $227,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on VICR. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th.

Vicor Trading Up 0.2%

Shares of NASDAQ:VICR traded up $0.08 on Thursday, reaching $41.55. The company had a trading volume of 178,764 shares, compared to its average volume of 238,805. Vicor Co. has a 52-week low of $31.65 and a 52-week high of $65.70. The firm's 50 day simple moving average is $46.42 and its 200-day simple moving average is $50.97. The firm has a market capitalization of $1.88 billion, a PE ratio of 79.91 and a beta of 1.79.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share (EPS) 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 company had revenue of $93.97 million during the quarter, compared to analysts' expectations of $96.63 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year.

Insiders Place Their Bets

In other Vicor news, VP Claudio Tuozzolo sold 1,898 shares of Vicor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the completion of the sale, the vice president now owns 33,622 shares of the company's stock, valued at approximately $2,178,369.38. The trade was a 5.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew D'amico sold 1,800 shares of the business's stock in a transaction dated 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 90 days, insiders sold 7,642 shares of company stock valued at $477,070. 31.30% of the stock is owned by company insiders.

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.