Harbor Investment Advisory LLC Reduces Stock Holdings in Vicor Co. (NASDAQ:VICR)

Harbor Investment Advisory LLC lowered its holdings in Vicor Co. (NASDAQ:VICR) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,511 shares of the electronics maker’s stock after selling 1,600 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Vicor were worth $2,006,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Bouvel Investment Partners LLC grew its holdings in shares of Vicor by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock worth $1,198,000 after buying an additional 243 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 grew its stake in Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 valued at $49,000 after acquiring an additional 690 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings 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 last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 6.5 %

Shares of VICR opened at $51.54 on Tuesday. The firm has a 50-day moving average price of $52.53 and a 200 day moving average price of $44.33. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $61.05. The firm has a market capitalization of $2.33 billion, a P/E ratio of 107.38 and a beta of 1.50.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping 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 business had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. During the same quarter last year, the firm earned $0.37 EPS. The business’s revenue was down 13.6% compared to the same quarter last year.

Insider Buying and Selling

In other news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total value of $103,820.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,856 shares of company stock worth $598,413. Company insiders own 31.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VICR. Craig Hallum upped their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

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.