Vicor Co. (NASDAQ:VICR) Shares Sold 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 874,000 shares of the electronics maker's stock after selling 32,439 shares during the quarter. Vicor makes up about 3.3% of Needham Investment Management LLC's investment portfolio, making the stock its 3rd largest position. Needham Investment Management LLC owned approximately 1.94% of Vicor worth $42,232,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VICR. Franklin Resources Inc. lifted its stake in Vicor by 40.1% in the third quarter. Franklin Resources Inc. now owns 36,756 shares of the electronics maker's stock worth $1,529,000 after acquiring an additional 10,526 shares during the period. Harbor Capital Advisors Inc. bought a new position in Vicor in the fourth quarter worth about $1,557,000. Bouvel Investment Partners LLC raised its holdings in Vicor by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock worth $1,198,000 after purchasing an additional 243 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Vicor by 4.1% in the fourth 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 in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Vicor by 64.4% in 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 owned by hedge funds and other institutional investors.

Insider Activity

In other Vicor news, VP Claudio Tuozzolo sold 3,504 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the sale, the vice president now owns 34,622 shares in the company, valued at approximately $2,111,942. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew D'amico sold 1,800 shares of the company's stock in a transaction that occurred on 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 worth $477,070 over the last 90 days. 31.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VICR shares. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. StockNews.com downgraded shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

Vicor Stock Up 0.6%

Shares of VICR traded up $0.26 during mid-day trading on Friday, hitting $43.37. 237,355 shares of the company traded hands, compared to its average volume of 238,124. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70. The company has a market capitalization of $1.96 billion, a PE ratio of 83.41 and a beta of 1.79. The business has a 50 day moving average of $47.43 and a 200 day moving average of $51.10.

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

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.