Vicor Co. (NASDAQ:VICR) Holdings Trimmed by Needham Investment Management LLC

Needham Investment Management LLC cut its holdings in Vicor Co. (NASDAQ:VICR - Free Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 874,000 shares of the electronics maker's stock after selling 32,439 shares during the quarter. Vicor accounts for 3.3% of Needham Investment Management LLC's investment portfolio, making the stock its 3rd largest position. Needham Investment Management LLC owned about 1.94% of Vicor worth $42,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VICR. Harbor Capital Advisors Inc. purchased a new stake in shares of Vicor during the fourth quarter worth approximately $1,557,000. Savant Capital LLC purchased a new stake in shares of Vicor during the fourth quarter worth approximately $223,000. Franklin Resources Inc. increased its position in shares of Vicor by 40.1% during the third quarter. Franklin Resources Inc. now owns 36,756 shares of the electronics maker's stock worth $1,529,000 after purchasing an additional 10,526 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Vicor during the fourth quarter worth approximately $616,000. Finally, SG Americas Securities LLC increased its position in shares of Vicor by 64.4% during the fourth 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 in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Trading Up 0.6%

NASDAQ VICR traded up $0.26 on Friday, reaching $43.37. 237,355 shares of the company were exchanged, compared to its average volume of 238,549. The business's fifty day moving average price is $47.30 and its 200 day moving average price is $51.11. The stock has a market capitalization of $1.96 billion, a P/E ratio of 83.41 and a beta of 1.79. Vicor Co. has a fifty-two week low of $31.65 and a fifty-two week high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $93.97 million for the quarter, compared to analyst estimates of $96.63 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS.

Insider Activity

In related news, VP Claudio Tuozzolo sold 3,504 shares of the 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 transaction, the vice president now owns 34,622 shares of the company's stock, valued at approximately $2,111,942. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew D'amico sold 1,800 shares of the stock in a transaction dated Friday, February 21st. The stock was 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. Insiders have sold a total of 7,642 shares of company stock valued at $477,070 in the last quarter. Insiders own 31.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, StockNews.com lowered Vicor from a "buy" rating to a "hold" rating in a research note 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.