The Manufacturers Life Insurance Company Has $498,000 Stock Position in Vicor Co. (NASDAQ:VICR)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Vicor Co. (NASDAQ:VICR) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,835 shares of the electronics maker’s stock after selling 186 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vicor were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC raised its position in Vicor by 98.8% during the second 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 during the period. GAMMA Investing LLC raised its position in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after buying an additional 670 shares during the period. Eastern Bank acquired a new position in Vicor during the third quarter valued at $42,000. Point72 DIFC Ltd raised its position in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after buying an additional 877 shares during the period. Finally, CWM LLC raised its position in Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after buying an additional 1,584 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Vicor

In other news, VP Alex Gusinov sold 856 shares of the company’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 completion of the sale, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the sale, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by corporate insiders.

Vicor Price Performance

Shares of VICR stock opened at $54.55 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The stock’s 50-day moving average is $50.53 and its two-hundred day moving average is $41.48. The firm has a market cap of $2.46 billion, a P/E ratio of 113.65 and a beta of 1.49.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period in the prior year, the firm posted $0.37 EPS. The business’s revenue was down 13.6% compared to the same quarter last year.

Vicor 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, 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.