Fisher Asset Management LLC Has $5.59 Million Stock Holdings in Vicor Co. (NASDAQ:VICR)

Fisher Asset Management LLC increased its holdings in shares of Vicor Co. (NASDAQ:VICR) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 124,308 shares of the electronics maker’s stock after purchasing an additional 5,954 shares during the period. Fisher Asset Management LLC’s holdings in Vicor were worth $5,586,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in Vicor during the third quarter valued at about $232,000. Raymond James & Associates bought a new position in Vicor during the third quarter worth about $471,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Vicor in the 3rd quarter worth approximately $259,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vicor by 35.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock valued at $260,000 after buying an additional 1,167 shares in the last quarter. Finally, Duality Advisers LP increased its position in shares of Vicor by 49.6% during the 3rd quarter. Duality Advisers LP now owns 17,092 shares of the electronics maker’s stock worth $1,007,000 after purchasing an additional 5,669 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Transactions at Vicor

In other news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nancy L. Grava sold 1,277 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $33.91, for a total transaction of $43,303.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,276 shares of company stock worth $228,293. Company insiders own 31.30% of the company’s stock.

Vicor Price Performance

Shares of VICR opened at $33.16 on Wednesday. The firm has a 50-day moving average of $36.06 and a 200-day moving average of $38.81. The company has a market cap of $1.47 billion, a PE ratio of 33.16 and a beta of 1.53. Vicor Co. has a one year low of $30.90 and a one year high of $98.38.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.55%. The firm’s revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS.

Wall Street Analyst Weigh In

VICR has been the topic of a number of research reports. StockNews.com lowered shares of Vicor from a “hold” rating to a “sell” rating in a research report on Sunday, April 28th. Craig Hallum dropped their price target on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, April 24th.

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.