Healthcare of Ontario Pension Plan Trust Fund Has $2.17 Million Stock Position in Vicor Co. (NASDAQ:VICR)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Vicor Co. (NASDAQ:VICR) by 40.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,463 shares of the electronics maker’s stock after selling 35,353 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Vicor worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VICR. Millennium Management LLC acquired a new position in Vicor during the second quarter worth $5,019,000. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 2nd quarter worth about $4,192,000. Dimensional Fund Advisors LP increased its position in shares of Vicor by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares in the last quarter. Bruce & Co. Inc. boosted its position in Vicor by 55.6% in the second quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock valued at $2,321,000 after buying an additional 25,000 shares in the last quarter. Finally, Herald Investment Management Ltd grew its stake in Vicor by 11.1% during the second quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker’s stock worth $6,616,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

VICR opened at $53.21 on Friday. The company’s 50 day simple moving average is $47.56 and its 200-day simple moving average is $39.99. Vicor Co. has a one year low of $30.90 and a one year high of $61.05. The stock has a market capitalization of $2.40 billion, a P/E ratio of 110.85 and a beta of 1.48.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the company earned $0.37 EPS. The business’s quarterly revenue was down 13.6% compared to the same quarter last year.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum increased their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

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.