Swiss National Bank trimmed its position in shares of Vicor Co. (NASDAQ:VICR – Free Report) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,832 shares of the electronics maker’s stock after selling 5,600 shares during the quarter. Swiss National Bank owned 0.11% of Vicor worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC increased its stake in shares of Vicor by 886.9% during the 1st quarter. Jump Financial LLC now owns 50,581 shares of the electronics maker’s stock worth $2,374,000 after purchasing an additional 45,456 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Vicor by 39.8% during the 1st quarter. Russell Investments Group Ltd. now owns 24,027 shares of the electronics maker’s stock worth $1,128,000 after purchasing an additional 6,836 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Vicor by 17.6% during the 1st quarter. New Mexico Educational Retirement Board now owns 4,000 shares of the electronics maker’s stock worth $188,000 after acquiring an additional 600 shares during the period. Beaconlight Capital LLC grew its stake in shares of Vicor by 87.7% during the 4th quarter. Beaconlight Capital LLC now owns 270,714 shares of the electronics maker’s stock worth $14,551,000 after acquiring an additional 126,457 shares during the period. Finally, Peregrine Capital Management LLC lifted its stake in shares of Vicor by 3.0% during the 1st quarter. Peregrine Capital Management LLC now owns 141,165 shares of the electronics maker’s stock valued at $6,626,000 after buying an additional 4,174 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.
Vicor Trading Down 2.3 %
Shares of VICR opened at $67.43 on Wednesday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 68.11 and a beta of 1.37. The business’s fifty day simple moving average is $67.64 and its two-hundred day simple moving average is $55.05. Vicor Co. has a 12 month low of $38.71 and a 12 month high of $98.38.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Vicor from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $80.00 in a research note on Wednesday, July 26th. StockNews.com initiated coverage on shares of Vicor in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of Vicor in a research note on Monday, June 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.67.
Read Our Latest Stock Report on Vicor
Insider Buying and Selling
In related news, VP Claudio Tuozzolo sold 3,675 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $96.80, for a total value of $355,740.00. Following the sale, the vice president now directly owns 41,282 shares in the company, valued at $3,996,097.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Vicor news, VP Claudio Tuozzolo sold 3,675 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $96.80, for a total value of $355,740.00. Following the transaction, the vice president now owns 41,282 shares of the company’s stock, valued at approximately $3,996,097.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $85.00, for a total value of $170,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,991 shares of company stock worth $875,527. 31.30% of the stock is owned by corporate insiders.
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 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.
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