Franklin Resources Inc. Has $1.03 Million Stock Position in Vicor Co. (NASDAQ:VICR)

Franklin Resources Inc. lessened its holdings in Vicor Co. (NASDAQ:VICR) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,269 shares of the electronics maker’s stock after selling 15,487 shares during the period. Franklin Resources Inc.’s holdings in Vicor were worth $1,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Vicor during the 4th quarter worth about $1,557,000. Barclays PLC raised its position in shares of Vicor by 361.6% in the third quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock valued at $1,658,000 after purchasing an additional 30,863 shares during the period. Savant Capital LLC acquired a new stake in shares of Vicor in the fourth quarter worth $223,000. Geode Capital Management LLC boosted its holdings in shares of Vicor by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after buying an additional 33,696 shares during the period. Finally, State Street Corp grew its stake in Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after buying an additional 17,668 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VICR. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, StockNews.com cut Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Vicor Stock Performance

NASDAQ VICR opened at $47.04 on Wednesday. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $65.70. The stock has a market cap of $2.13 billion, a PE ratio of 90.46 and a beta of 1.75. The firm has a 50-day simple moving average of $52.19 and a 200 day simple moving average of $50.84.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

Insiders Place Their Bets

In other news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Claudio Tuozzolo sold 3,504 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the transaction, the vice president now owns 34,622 shares of the company’s stock, valued at $2,111,942. This trade represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,642 shares of company stock worth $716,070 over the last 90 days. Corporate insiders own 31.00% of the company’s stock.

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.