Wealthfront Advisers LLC Takes Position in Vicor Co. (NASDAQ:VICR)

Wealthfront Advisers LLC purchased a new stake in Vicor Co. (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,653,327 shares of the electronics maker’s stock, valued at approximately $79,889,000. Wealthfront Advisers LLC owned about 3.66% of Vicor as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VICR. JPMorgan Chase & Co. raised its holdings in shares of Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after buying an additional 1,236,264 shares during the period. Needham Investment Management LLC increased its stake in Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after buying an additional 21,439 shares during the period. State Street Corp lifted its holdings in Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC boosted its position in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after buying an additional 33,696 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Vicor by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock worth $10,314,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Down 17.8 %

Shares of NASDAQ VICR opened at $48.94 on Tuesday. The stock has a market cap of $2.21 billion, a P/E ratio of 94.12 and a beta of 1.45. The stock has a 50 day moving average of $52.81 and a two-hundred day moving average of $48.67. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $65.70.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, beating 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 net margin of 6.46% and a return on equity of 4.29%.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Quentin A. Fendelet sold 440 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. In the last three months, insiders sold 13,642 shares of company stock valued at $819,890. Corporate insiders own 31.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.