Vicor Co. (NASDAQ:VICR) Position Reduced by Granahan Investment Management LLC

Granahan Investment Management LLC cut its position in shares of Vicor Co. (NASDAQ:VICR) by 54.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,368 shares of the electronics maker’s stock after selling 83,276 shares during the quarter. Granahan Investment Management LLC owned 0.16% of Vicor worth $3,303,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Vicor by 51.8% during the third quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock valued at $53,000 after buying an additional 305 shares in the last quarter. Federated Hermes Inc. lifted its stake in Vicor by 51.9% during the third quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock valued at $59,000 after buying an additional 339 shares in the last quarter. Captrust Financial Advisors lifted its stake in Vicor by 109.3% during the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock valued at $63,000 after buying an additional 469 shares in the last quarter. Covestor Ltd lifted its stake in Vicor by 132.4% during the first quarter. Covestor Ltd now owns 960 shares of the electronics maker’s stock valued at $68,000 after buying an additional 547 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in Vicor during the fourth quarter valued at about $83,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Vicor

In other Vicor news, insider Michael Mcnamara sold 6,291 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $55.25, for a total transaction of $347,577.75. Following the transaction, the insider now owns 141 shares in the company, valued at $7,790.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Vicor news, insider Michael Mcnamara sold 6,291 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $55.25, for a total transaction of $347,577.75. Following the transaction, the insider now owns 141 shares in the company, valued at $7,790.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew D’amico sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $85.00, for a total value of $170,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,991 shares of company stock worth $875,527 over the last 90 days. Insiders own 31.30% of the company’s stock.

Vicor Stock Performance

NASDAQ:VICR opened at $63.14 on Monday. The stock’s 50 day moving average price is $68.25 and its 200 day moving average price is $55.19. Vicor Co. has a 52 week low of $38.71 and a 52 week high of $98.38. The company has a market capitalization of $2.79 billion, a P/E ratio of 63.78 and a beta of 1.37.

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