Verition Fund Management LLC Invests $369,000 in Vicor Co. (NASDAQ:VICR)

Verition Fund Management LLC purchased a new stake in Vicor Co. (NASDAQ:VICR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,776 shares of the electronics maker’s stock, valued at approximately $369,000.

A number of other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Vicor during the 2nd quarter worth approximately $115,000. Bank of New York Mellon Corp raised its position in Vicor by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker’s stock valued at $5,731,000 after buying an additional 7,083 shares during the period. Rhumbline Advisers lifted its stake in Vicor by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 68,380 shares of the electronics maker’s stock worth $2,267,000 after acquiring an additional 2,544 shares in the last quarter. Victory Capital Management Inc. boosted its position in Vicor by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after acquiring an additional 808 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Vicor during the 2nd quarter valued at about $532,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VICR shares. Craig Hallum boosted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

Insider Buying and Selling at Vicor

In other news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the transaction, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.00% of the company’s stock.

Vicor Stock Performance

NASDAQ:VICR opened at $54.55 on Friday. The company has a market capitalization of $2.46 billion, a P/E ratio of 113.65 and a beta of 1.49. The stock’s 50 day moving average price is $50.28 and its 200 day moving average price is $41.30. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $61.05.

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

Vicor 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.