Vicor Co. (NASDAQ:VICR) Holdings Trimmed by Quest Partners LLC

Quest Partners LLC cut its holdings in Vicor Co. (NASDAQ:VICR) by 76.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,084 shares of the electronics maker’s stock after selling 10,107 shares during the quarter. Quest Partners LLC’s holdings in Vicor were worth $130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Vicor by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after buying an additional 552 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC boosted its position in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the period. Victory Capital Management Inc. increased its stake in Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after purchasing an additional 808 shares in the last quarter. Finally, Point72 DIFC Ltd raised its holdings in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vicor

In related news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now directly owns 16,018 shares of the company’s stock, valued at $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 31.00% of the stock is owned by insiders.

Vicor Stock Performance

NASDAQ VICR opened at $53.32 on Friday. The stock has a 50-day simple moving average of $47.24 and a 200 day simple moving average of $39.80. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The stock has a market capitalization of $2.41 billion, a PE ratio of 111.09 and a beta of 1.48.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS.

Analyst Ratings Changes

Several equities research analysts recently commented on VICR shares. Craig Hallum upped their price target on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

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.