The Manufacturers Life Insurance Company Sells 579 Shares of Vicor Co. (NASDAQ:VICR)

The Manufacturers Life Insurance Company reduced its stake in Vicor Co. (NASDAQ:VICR) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,256 shares of the electronics maker’s stock after selling 579 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vicor were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bouvel Investment Partners LLC increased its stake in Vicor by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock valued at $1,198,000 after purchasing an additional 243 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Vicor by 4.1% in the fourth quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock valued at $395,000 after purchasing an additional 324 shares in the last quarter. New York State Common Retirement Fund increased its stake in Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock valued at $10,314,000 after purchasing an additional 600 shares in the last quarter. MetLife Investment Management LLC increased its stake in Vicor by 8.2% in the fourth quarter. MetLife Investment Management LLC now owns 13,700 shares of the electronics maker’s stock valued at $662,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Swiss National Bank increased its stake in Vicor by 2.5% in the fourth quarter. Swiss National Bank now owns 45,932 shares of the electronics maker’s stock valued at $2,219,000 after purchasing an additional 1,100 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Vicor Price Performance

NASDAQ:VICR opened at $43.37 on Friday. The firm has a 50-day moving average of $47.30 and a 200-day moving average of $51.08. The company has a market cap of $1.96 billion, a PE ratio of 83.41 and a beta of 1.79. Vicor Co. has a one year low of $31.65 and a one year high of $65.70.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.23). Vicor had a return on equity of 4.29% and a net margin of 6.46%. The business had revenue of $93.97 million for the quarter, compared to the consensus estimate of $96.63 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis.

Wall Street Analyst Weigh In

VICR has been the subject of several recent research reports. StockNews.com downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th.

Insiders Place Their Bets

In other Vicor news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Claudio Tuozzolo sold 1,898 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the completion of the sale, the vice president now directly owns 33,622 shares of the company’s stock, valued at $2,178,369.38. The trade was a 5.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,642 shares of company stock valued at $477,070. Corporate insiders own 31.00% of the company’s stock.

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, 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.