Vicor Co. (NASDAQ:VICR) is Needham Investment Management LLC’s 4th Largest Position

Needham Investment Management LLC lifted its stake in shares of Vicor Co. (NASDAQ:VICR) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 906,439 shares of the electronics maker’s stock after acquiring an additional 21,439 shares during the quarter. Vicor makes up approximately 2.9% of Needham Investment Management LLC’s holdings, making the stock its 4th biggest position. Needham Investment Management LLC’s holdings in Vicor were worth $38,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after purchasing an additional 552 shares during the last quarter. Headlands Technologies LLC grew its holdings in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after buying an additional 570 shares in the last quarter. GAMMA Investing LLC increased its stake in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 670 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Vicor by 146.2% during the 3rd 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 in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Vicor by 10.5% in the second quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after purchasing an additional 808 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Stock Down 2.7 %

VICR traded down $1.55 during trading hours on Tuesday, reaching $56.14. 20,894 shares of the company’s stock traded hands, compared to its average volume of 230,941. The firm has a 50-day moving average price of $47.97 and a 200 day moving average price of $40.20. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $61.05. The firm has a market capitalization of $2.53 billion, a PE ratio of 120.19 and a beta of 1.49.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 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 for the quarter, compared to the consensus estimate of $85.23 million. During the same period in the prior year, the firm earned $0.37 EPS. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Craig Hallum upped their price target 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 reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Insider Transactions at Vicor

In related news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 31.00% of the company’s stock.

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.