Eastern Bank Makes New Investment in Vicor Co. (NASDAQ:VICR)

Eastern Bank bought a new position in shares of Vicor Co. (NASDAQ:VICR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,000 shares of the electronics maker’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after purchasing an additional 1,584 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 670 shares during the period. SG Americas Securities LLC raised its holdings in shares of Vicor by 200.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker’s stock worth $439,000 after acquiring an additional 6,968 shares during the period. Point72 DIFC Ltd raised its holdings in shares of 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 acquiring an additional 877 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after acquiring an additional 552 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. Craig Hallum lifted their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday.

Vicor Trading Down 0.2 %

Shares of VICR opened at $46.32 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 46.32 and a beta of 1.51. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $51.89. The company’s 50-day moving average price is $39.51 and its 200 day moving average price is $36.67.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.03%. Vicor’s revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS.

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total value of $841,790.02. Following the sale, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 31.30% 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.