Vicor Co. (NASDAQ:VICR) Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in Vicor Co. (NASDAQ:VICR) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,108 shares of the electronics maker’s stock after acquiring an additional 2,327 shares during the quarter. Legal & General Group Plc owned about 0.15% of Vicor worth $3,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Vicor in the 4th quarter valued at $140,000. Truist Financial Corp acquired a new stake in shares of Vicor during the fourth quarter worth about $213,000. Net Worth Advisory Group purchased a new position in shares of Vicor during the fourth quarter worth about $218,000. Savant Capital LLC acquired a new position in Vicor in the 4th quarter valued at about $223,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Vicor during the 4th quarter valued at approximately $227,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Quentin A. Fendelet sold 440 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew D’amico sold 1,800 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Insiders sold 7,642 shares of company stock worth $477,070 in the last 90 days. 31.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VICR shares. Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Vicor Trading Up 3.5 %

NASDAQ VICR opened at $46.84 on Wednesday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 90.08 and a beta of 1.75. The business’s 50 day moving average is $51.86 and its two-hundred day moving average is $51.01. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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.