Rice Hall James & Associates LLC Sells 338 Shares of Vicor Co. (NASDAQ:VICR)

Rice Hall James & Associates LLC lessened its stake in shares of Vicor Co. (NASDAQ:VICR) by 1.0% during the 3rd quarter, Holdings Channel reports. The fund owned 34,224 shares of the electronics maker’s stock after selling 338 shares during the period. Rice Hall James & Associates LLC’s holdings in Vicor were worth $1,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VICR. Vanguard Group Inc. boosted its position in Vicor by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after acquiring an additional 285,699 shares in the last quarter. Millennium Management LLC bought a new stake in Vicor during the 2nd quarter valued at $5,019,000. Federated Hermes Inc. bought a new stake in Vicor during the 2nd quarter valued at $4,192,000. Kennedy Capital Management LLC boosted its position in shares of Vicor by 178.7% in the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock worth $6,916,000 after purchasing an additional 115,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Vicor by 14.0% in 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. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICR. Craig Hallum raised their price objective 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 restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the sale, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 31.00% of the stock is owned by company insiders.

Vicor Price Performance

Shares of VICR stock opened at $46.04 on Friday. The business has a fifty day moving average of $40.38 and a 200 day moving average of $37.00. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 95.92 and a beta of 1.48. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $51.89.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share 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 business had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue was down 13.6% on a year-over-year basis.

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.