Net Worth Advisory Group Invests $218,000 in Vicor Co. (NASDAQ:VICR)

Net Worth Advisory Group bought a new stake in Vicor Co. (NASDAQ:VICR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,511 shares of the electronics maker’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $213,000. Savant Capital LLC bought a new position in Vicor in the 4th quarter worth approximately $223,000. Intech Investment Management LLC acquired a new position in Vicor during the 3rd quarter worth $230,000. Finally, West Tower Group LLC bought a new position in Vicor in the 3rd quarter valued at $295,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, StockNews.com downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 4,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 1,898 shares of Vicor stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the transaction, the vice president now directly owns 33,622 shares in the company, valued at approximately $2,178,369.38. This represents a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,642 shares of company stock worth $819,890. 31.00% of the stock is currently owned by company insiders.

Vicor Stock Performance

VICR opened at $50.09 on Wednesday. The company has a fifty day moving average price of $52.84 and a two-hundred day moving average price of $48.75. The firm has a market capitalization of $2.26 billion, a PE ratio of 96.33 and a beta of 1.45. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $65.70.

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

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.