Vicor Corp (VICR) Holdings Increased by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its holdings in shares of Vicor Corp (NASDAQ:VICR) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,003 shares of the electronics maker’s stock after acquiring an additional 18,842 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of Vicor worth $8,710,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in VICR. Shikiar Asset Management Inc. bought a new stake in Vicor during the 2nd quarter valued at $6,114,000. EAM Investors LLC bought a new stake in Vicor during the 2nd quarter valued at $3,449,000. Capital Impact Advisors LLC bought a new stake in Vicor during the 2nd quarter valued at $1,694,000. EAM Global Investors LLC bought a new stake in Vicor during the 2nd quarter valued at $1,242,000. Finally, JPMorgan Chase & Co. raised its stake in Vicor by 677.5% during the 1st quarter. JPMorgan Chase & Co. now owns 31,939 shares of the electronics maker’s stock valued at $911,000 after acquiring an additional 27,831 shares in the last quarter. 25.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $61.78, for a total value of $494,240.00. Following the sale, the director now owns 319,079 shares of the company’s stock, valued at approximately $19,712,700.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard J. Nagel, Jr. sold 12,500 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $58.49, for a total value of $731,125.00. Following the completion of the sale, the chief accounting officer now directly owns 3,500 shares in the company, valued at approximately $204,715. The disclosure for this sale can be found here. Insiders sold a total of 40,396 shares of company stock worth $2,426,604 in the last three months. Company insiders own 37.40% of the company’s stock.
Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 24th. The electronics maker reported $0.19 EPS for the quarter. Vicor had a return on equity of 8.70% and a net margin of 5.25%. The company had revenue of $74.20 million for the quarter.
Separately, BidaskClub downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 13th.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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