Wellington Management Group LLP Has $38.57 Million Stock Holdings in Vicor Co. (NASDAQ:VICR)

Wellington Management Group LLP boosted its position in shares of Vicor Co. (NASDAQ:VICR) by 298.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 821,601 shares of the electronics maker’s stock after purchasing an additional 615,306 shares during the quarter. Wellington Management Group LLP’s holdings in Vicor were worth $38,566,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Vicor by 6.8% in the 1st quarter. JPMorgan Chase & Co. now owns 35,275 shares of the electronics maker’s stock valued at $2,489,000 after purchasing an additional 2,248 shares during the period. Raymond James & Associates acquired a new position in shares of Vicor in the 1st quarter valued at $253,000. MetLife Investment Management LLC lifted its stake in shares of Vicor by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 24,641 shares of the electronics maker’s stock valued at $1,738,000 after purchasing an additional 7,007 shares during the period. Rhumbline Advisers lifted its stake in shares of Vicor by 1.6% in the 1st quarter. Rhumbline Advisers now owns 58,044 shares of the electronics maker’s stock valued at $4,095,000 after purchasing an additional 900 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Vicor by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,860 shares of the electronics maker’s stock valued at $555,000 after purchasing an additional 749 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insiders Place Their Bets

In other Vicor news, VP Claudio Tuozzolo sold 3,675 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $96.80, for a total transaction of $355,740.00. Following the completion of the transaction, the vice president now owns 41,282 shares in the company, valued at approximately $3,996,097.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $85.00, for a total transaction of $170,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Claudio Tuozzolo sold 3,675 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $96.80, for a total transaction of $355,740.00. Following the transaction, the vice president now owns 41,282 shares of the company’s stock, valued at $3,996,097.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,991 shares of company stock worth $875,527. Corporate insiders own 31.30% of the company’s stock.

Vicor Trading Down 4.1 %

VICR stock opened at $64.01 on Friday. The stock has a 50-day moving average price of $68.07 and a two-hundred day moving average price of $55.19. The stock has a market cap of $2.83 billion, a PE ratio of 64.66 and a beta of 1.37. Vicor Co. has a 1 year low of $38.71 and a 1 year high of $98.38.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, July 25th. The electronics maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.15. The firm had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $97.97 million. Vicor had a return on equity of 9.37% and a net margin of 10.77%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS.

Analyst Ratings Changes

VICR has been the topic of a number of analyst reports. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $80.00 in a research note on Wednesday, July 26th. StockNews.com started coverage on shares of Vicor in a research report on Thursday, August 17th. They issued a “hold” rating for the company. 22nd Century Group restated a “maintains” rating on shares of Vicor in a research report on Monday, June 26th. Finally, Needham & Company LLC upped their price objective on shares of Vicor from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Vicor Company 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 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.