Mirae Asset Global Investments Co. Ltd. Makes New Investment in Vicor Co. (NASDAQ:VICR)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Vicor Co. (NASDAQ:VICR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,187 shares of the electronics maker’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VICR. Commonwealth Equity Services LLC bought a new position in shares of Vicor during the 3rd quarter worth approximately $232,000. Raymond James & Associates bought a new position in shares of Vicor during the 3rd quarter worth approximately $471,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Vicor during the 3rd quarter worth approximately $259,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vicor by 35.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Vicor in the 3rd quarter worth $259,000. 47.45% of the stock is currently owned by institutional investors.

Insider Activity at Vicor

In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Kemble D. Morrison sold 2,659 shares of the firm’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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The disclosure for this sale can be found here. In the last three months, insiders sold 4,999 shares of company stock valued at $184,990. 31.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VICR shares. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Finally, Craig Hallum cut their target price on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday.

Vicor Trading Up 2.8 %

NASDAQ VICR opened at $34.41 on Friday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 34.41 and a beta of 1.53. The business has a fifty day simple moving average of $37.40 and a 200 day simple moving average of $40.10. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $98.38.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.48%. The company’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share.

Vicor Company Profile

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.