Canada Pension Plan Investment Board Has $899,000 Position in Vicor Co. (NASDAQ:VICR)

Canada Pension Plan Investment Board lessened its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,600 shares of the electronics maker's stock after selling 9,200 shares during the period. Canada Pension Plan Investment Board's holdings in Vicor were worth $899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICR. Headlands Technologies LLC bought a new stake in Vicor during the fourth quarter valued at about $140,000. Truist Financial Corp acquired a new stake in Vicor in the 4th quarter valued at $213,000. Net Worth Advisory Group acquired a new stake in shares of Vicor in the 4th quarter valued at $218,000. Savant Capital LLC acquired a new position in Vicor in the fourth quarter valued at about $223,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vicor during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Insider Transactions at Vicor

In other news, Director Andrew D'amico sold 1,800 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Quentin A. Fendelet sold 440 shares of the firm's 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 have sold 7,642 shares of company stock worth $477,070 in the last three months. Insiders own 31.00% of the company's stock.

Vicor Price Performance

Shares of NASDAQ VICR traded down $12.01 during midday trading on Wednesday, hitting $39.90. The stock had a trading volume of 1,188,121 shares, compared to its average volume of 232,632. Vicor Co. has a fifty-two week low of $31.64 and a fifty-two week high of $65.70. The firm has a market cap of $1.80 billion, a P/E ratio of 76.73 and a beta of 1.75. The company's 50-day simple moving average is $51.38 and its 200 day simple moving average is $51.26.

Vicor (NASDAQ:VICR - Get Free Report) last released its 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 business had revenue of $93.97 million for the quarter, compared to analyst estimates of $96.63 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VICR shares. Craig Hallum upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research 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 cut shares of Vicor from a "buy" rating to a "hold" rating in a research 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.