Victory Capital Management Inc. Purchases 2,418 Shares of Vicor Co. (NASDAQ:VICR)

Victory Capital Management Inc. increased its position in Vicor Co. (NASDAQ:VICR) by 25.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,101 shares of the electronics maker’s stock after buying an additional 2,418 shares during the quarter. Victory Capital Management Inc.’s holdings in Vicor were worth $585,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VICR. Point72 Asia Singapore Pte. Ltd. lifted its position in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares during the last quarter. Truist Financial Corp bought a new stake in Vicor in the 4th quarter worth approximately $213,000. Savant Capital LLC bought a new stake in Vicor in the 4th quarter worth approximately $223,000. Intech Investment Management LLC bought a new stake in Vicor in the 3rd quarter worth approximately $230,000. Finally, West Tower Group LLC bought a new stake in Vicor in the 3rd quarter worth approximately $295,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of recent research reports. StockNews.com downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th.

Insider Activity

In related news, Director Andrew D’amico sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Claudio Tuozzolo sold 1,898 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total value of $122,971.42. Following the completion of the sale, the vice president now directly owns 33,622 shares in the company, valued at approximately $2,178,369.38. The trade was a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,642 shares of company stock valued at $819,890. Company insiders own 31.00% of the company’s stock.

Vicor Stock Performance

Shares of VICR stock opened at $53.64 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70. The stock has a 50 day moving average price of $53.48 and a two-hundred day moving average price of $49.44. The company has a market capitalization of $2.42 billion, a P/E ratio of 103.16 and a beta of 1.45.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The firm had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million.

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.