Bouvel Investment Partners LLC Boosts Stake in Vicor Co. (NASDAQ:VICR)

Bouvel Investment Partners LLC increased its position in shares of Vicor Co. (NASDAQ:VICR) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,790 shares of the electronics maker’s stock after buying an additional 243 shares during the quarter. Bouvel Investment Partners LLC owned about 0.05% of Vicor worth $1,198,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after acquiring an additional 552 shares during the last quarter. GAMMA Investing LLC increased its stake in Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Vicor by 146.2% during the third 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 period. Victory Capital Management Inc. increased its position in Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after acquiring an additional 808 shares during the period. Finally, Point72 DIFC Ltd grew its stake 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 valued at $73,000 after purchasing an additional 877 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports 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 note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. 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 2,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,856 shares of company stock worth $598,413. 31.00% of the stock is owned by corporate insiders.

Vicor Stock Up 0.3 %

NASDAQ:VICR opened at $48.38 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The firm’s fifty day simple moving average is $52.68 and its 200-day simple moving average is $44.04. The stock has a market cap of $2.18 billion, a PE ratio of 100.79 and a beta of 1.50.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $85.23 million. During the same period last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis.

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.