Nuveen Asset Management LLC Grows Stake in Vicor Co. (NASDAQ:VICR)

Nuveen Asset Management LLC increased its stake in Vicor Co. (NASDAQ:VICR) by 184.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,989 shares of the electronics maker’s stock after acquiring an additional 110,162 shares during the period. Nuveen Asset Management LLC owned approximately 0.38% of Vicor worth $8,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Vicor by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock valued at $185,903,000 after purchasing an additional 572,093 shares during the period. Vanguard Group Inc. lifted its stake in Vicor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock valued at $122,223,000 after buying an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Vicor in the 4th quarter valued at about $79,889,000. Northern Trust Corp increased its holdings in shares of Vicor by 8.9% during the 4th quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker’s stock worth $12,066,000 after buying an additional 20,321 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Vicor by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock worth $10,314,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Activity at Vicor

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 shares were sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 31.30% of the company’s stock.

Analysts Set New Price Targets

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

Vicor Stock Down 0.4%

NASDAQ:VICR opened at $42.32 on Thursday. The company has a market cap of $1.91 billion, a P/E ratio of 81.39 and a beta of 1.79. The firm’s 50 day moving average is $45.50 and its two-hundred day moving average is $50.57. Vicor Co. has a fifty-two week low of $31.65 and a fifty-two week high of $65.70.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). The firm had revenue of $93.97 million during the quarter, compared to analyst estimates of $96.63 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS.

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.