Ameriprise Financial Inc. Sells 35,865 Shares of Vicor Co. (NASDAQ:VICR)

Ameriprise Financial Inc. reduced its stake in Vicor Co. (NASDAQ:VICR) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,831 shares of the electronics maker’s stock after selling 35,865 shares during the period. Ameriprise Financial Inc. owned 0.26% of Vicor worth $5,742,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VICR. Headlands Technologies LLC bought a new position in Vicor in the fourth quarter worth about $140,000. Truist Financial Corp bought a new position in shares of Vicor during the fourth quarter valued at approximately $213,000. Net Worth Advisory Group bought a new position in shares of Vicor during the fourth quarter valued at approximately $218,000. Savant Capital LLC bought a new position in shares of Vicor during the fourth quarter valued at approximately $223,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Vicor during the fourth quarter valued at approximately $227,000. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Insider Buying and Selling at Vicor

In other news, VP Claudio Tuozzolo sold 1,898 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares in the company, valued at $2,178,369.38. The trade was a 5.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Quentin A. Fendelet sold 440 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,842 shares of company stock worth $363,868. Insiders own 31.30% of the company’s stock.

Vicor Price Performance

Shares of Vicor stock opened at $41.67 on Friday. The company’s fifty day simple moving average is $46.19 and its 200-day simple moving average is $50.90. The stock has a market capitalization of $1.88 billion, a PE ratio of 80.14 and a beta of 1.79. Vicor Co. has a 1-year low of $31.65 and a 1-year high of $65.70.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share 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 analysts’ expectations of $96.63 million. During the same quarter in the prior year, the business earned $0.06 EPS. The company’s revenue was up 12.0% compared to the same quarter last year.

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, 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.