KBC Group NV Sells 6,067 Shares of Vicor Co. (NASDAQ:VICR)

KBC Group NV lowered its position in Vicor Co. (NASDAQ:VICR) by 27.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,219 shares of the electronics maker’s stock after selling 6,067 shares during the quarter. KBC Group NV’s holdings in Vicor were worth $683,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Vicor by 27.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,161 shares of the electronics maker’s stock valued at $312,000 after buying an additional 1,770 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vicor by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock worth $95,438,000 after purchasing an additional 18,331 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Vicor by 7.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,941 shares of the electronics maker’s stock valued at $723,000 after buying an additional 1,392 shares in the last quarter. LGT Group Foundation increased its position in shares of Vicor by 5.0% during the first quarter. LGT Group Foundation now owns 83,668 shares of the electronics maker’s stock valued at $3,199,000 after buying an additional 4,022 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Vicor by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,229 shares of the electronics maker’s stock valued at $736,000 after acquiring an additional 2,535 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VICR. Craig Hallum increased their target price on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Insider Buying and Selling

In other news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now directly owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.00% of the stock is currently owned by corporate insiders.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $52.04 on Tuesday. The company’s fifty day moving average price is $44.02 and its 200-day moving average price is $38.57. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 108.23 and a beta of 1.48. Vicor Co. has a one year low of $30.90 and a one year high of $61.05.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was down 13.6% on a year-over-year basis.

About Vicor

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.