Fisher Asset Management LLC Acquires 97,181 Shares of Vicor Co. (NASDAQ:VICR)

Posted by Defense World Staff on Apr 26th, 2023

Fisher Asset Management LLC lifted its holdings in Vicor Co. (NASDAQ:VICR – Get Rating) by 400.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,430 shares of the electronics maker’s stock after acquiring an additional 97,181 shares during the period. Fisher Asset Management LLC owned 0.28% of Vicor worth $6,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VICR. JPMorgan Chase & Co. boosted its stake in shares of Vicor by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 35,275 shares of the electronics maker’s stock worth $2,489,000 after acquiring an additional 2,248 shares during the period. Raymond James & Associates purchased a new stake in shares of Vicor in the first quarter worth about $253,000. MetLife Investment Management LLC lifted its position in shares of Vicor by 39.7% in the first quarter. MetLife Investment Management LLC now owns 24,641 shares of the electronics maker’s stock worth $1,738,000 after buying an additional 7,007 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Vicor by 1.6% in the first quarter. Rhumbline Advisers now owns 58,044 shares of the electronics maker’s stock worth $4,095,000 after buying an additional 900 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Vicor by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,860 shares of the electronics maker’s stock worth $555,000 after buying an additional 749 shares in the last quarter. Institutional investors own 41.50% of the company’s stock.

Vicor Price Performance

Shares of VICR stock opened at $41.44 on Wednesday. Vicor Co. has a 1 year low of $38.71 and a 1 year high of $82.39. The stock’s 50 day simple moving average is $46.48 and its two-hundred day simple moving average is $52.69. The company has a market cap of $1.83 billion, a PE ratio of 58.37 and a beta of 1.36.

Vicor (NASDAQ:VICR – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The electronics maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Vicor had a net margin of 7.95% and a return on equity of 7.08%. The company had revenue of $105.49 million for the quarter, compared to analysts’ expectations of $103.23 million. During the same quarter last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis.

Insider Activity at Vicor

In other Vicor news, VP Sean Crilly sold 23,170 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $43.07, for a total value of $997,931.90. Following the sale, the vice president now owns 23,416 shares in the company, valued at $1,008,527.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 31.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VICR has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Vicor in a research report on Friday, February 24th. StockNews.com assumed coverage on Vicor in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Craig Hallum downgraded Vicor from a “buy” rating to a “hold” rating and decreased their price objective for the company from $70.00 to $45.00 in a research report on Friday, February 24th.

Vicor Profile

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Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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