Vicor Co. (NASDAQ:VICR) Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC lifted its position in shares of Vicor Co. (NASDAQ:VICR) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 906,439 shares of the electronics maker’s stock after buying an additional 21,439 shares during the period. Vicor comprises about 2.9% of Needham Investment Management LLC’s investment portfolio, making the stock its 4th largest holding. Needham Investment Management LLC owned 2.01% of Vicor worth $38,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VICR. Headlands Technologies LLC raised its stake in Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after buying an additional 570 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank acquired a new stake in shares of Vicor in the 3rd quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its stake in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 877 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 31.00% of the company’s stock.

Analyst Ratings Changes

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

Vicor Stock Performance

VICR traded down $1.55 during midday trading on Tuesday, reaching $56.14. 20,894 shares of the company were exchanged, compared to its average volume of 230,941. The company’s fifty day moving average price is $47.97 and its 200 day moving average price is $40.20. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 120.19 and a beta of 1.49. Vicor Co. has a one year low of $30.90 and a one year high of $61.05.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. Vicor’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share.

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.