Granahan Investment Management LLC Reduces Stake in Vicor Co. (NASDAQ:VICR)

Granahan Investment Management LLC cut its holdings in shares of Vicor Co. (NASDAQ:VICR) by 9.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,760 shares of the electronics maker’s stock after selling 4,758 shares during the quarter. Granahan Investment Management LLC’s holdings in Vicor were worth $2,114,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Vicor Stock Performance

Shares of NASDAQ VICR opened at $41.27 on Friday. The company has a 50 day simple moving average of $48.49 and a two-hundred day simple moving average of $51.21. Vicor Co. has a fifty-two week low of $31.65 and a fifty-two week high of $65.70. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 79.37 and a beta of 1.79.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data 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 company had revenue of $93.97 million for the quarter, compared to analysts’ expectations of $96.63 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.89, for a total transaction of $113,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Quentin A. Fendelet sold 440 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 sold a total of 7,642 shares of company stock valued at $477,070 in the last quarter. 31.00% of the stock is owned by insiders.

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.