Needham Investment Management LLC Decreases Stock Position in Vicor Co. (NASDAQ:VICR)

Needham Investment Management LLC lowered its holdings in Vicor Co. (NASDAQ:VICR) by 3.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 874,000 shares of the electronics maker’s stock after selling 32,439 shares during the period. Vicor accounts for about 3.3% of Needham Investment Management LLC’s portfolio, making the stock its 3rd largest position. Needham Investment Management LLC’s holdings in Vicor were worth $42,232,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Vicor in the 4th quarter valued at about $140,000. Truist Financial Corp bought a new position in Vicor in the 4th quarter worth approximately $213,000. Net Worth Advisory Group acquired a new position in Vicor during the 4th quarter worth $218,000. Savant Capital LLC bought a new position in Vicor in the 4th quarter valued at $223,000. Finally, KLP Kapitalforvaltning AS bought a new position in Vicor in the 4th quarter valued at $227,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Insider Activity

In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction 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 ninety days. 31.00% of the stock is owned by insiders.

Vicor Stock Up 6.7%

VICR stock opened at $43.91 on Tuesday. Vicor Co. has a twelve month low of $31.65 and a twelve month high of $65.70. The business’s fifty day moving average is $48.15 and its 200-day moving average is $51.23. The company has a market cap of $1.98 billion, a P/E ratio of 84.44 and a beta of 1.79.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $96.63 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year.

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.