The Manufacturers Life Insurance Company Sells 186 Shares of Vicor Co. (NASDAQ:VICR)

The Manufacturers Life Insurance Company lowered its position in Vicor Co. (NASDAQ:VICR) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 11,835 shares of the electronics maker’s stock after selling 186 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vicor were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC raised its holdings in shares of Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after buying an additional 570 shares in the last quarter. GAMMA Investing LLC raised 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 worth $42,000 after buying an additional 670 shares in the last quarter. Eastern Bank acquired a new position in shares of Vicor in the 3rd quarter worth approximately $42,000. Point72 DIFC Ltd raised its holdings 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 worth $73,000 after buying an additional 877 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Vicor by 226.6% in the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after buying an additional 1,584 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VICR shares. 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 Price Performance

VICR stock opened at $54.55 on Friday. The business has a fifty day moving average price of $50.53 and a 200 day moving average price of $41.48. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 113.65 and a beta of 1.49.

Vicor (NASDAQ:VICR) last released its quarterly earnings results 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 firm had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same period last year, the firm posted $0.37 EPS. The business’s revenue was down 13.6% on a year-over-year basis.

Insider Activity at Vicor

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction 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 transaction, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the transaction, the director now owns 230,267 shares in the company, 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. Insiders own 31.00% of the company’s stock.

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, 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.