Allspring Global Investments Holdings LLC increased its stake in shares of Vicor Co. (NASDAQ:VICR – Free Report) by 31.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,411 shares of the electronics maker’s stock after buying an additional 334 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vicor were worth $76,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Vicor by 2.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,352 shares of the electronics maker’s stock worth $457,000 after buying an additional 212 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Vicor by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 46,278 shares of the electronics maker’s stock worth $2,487,000 after purchasing an additional 220 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Vicor by 51.8% in the third quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Vicor by 51.9% in the third quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 339 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Vicor by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 11,455 shares of the electronics maker’s stock worth $831,000 after purchasing an additional 376 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
VICR has been the subject of several recent analyst reports. Needham & Company LLC cut Vicor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. StockNews.com initiated coverage on Vicor in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Craig Hallum raised 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 note on Wednesday, July 26th.
Vicor Stock Down 0.8 %
Shares of Vicor stock opened at $38.96 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 33.02 and a beta of 1.43. The business has a fifty day simple moving average of $50.95 and a 200-day simple moving average of $57.16. Vicor Co. has a fifty-two week low of $35.48 and a fifty-two week high of $98.38.
Vicor (NASDAQ:VICR – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The electronics maker reported $0.37 earnings per share for the quarter. The business had revenue of $107.84 million during the quarter. Vicor had a return on equity of 10.73% and a net margin of 12.68%.
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.
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