Two Sigma Investments LP Lowers Holdings in Vicor Co. (NASDAQ:VICR)

Two Sigma Investments LP reduced its holdings in shares of Vicor Co. (NASDAQ:VICR) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,552 shares of the electronics maker’s stock after selling 70,442 shares during the period. Two Sigma Investments LP’s holdings in Vicor were worth $413,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted 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 worth $10,314,000 after acquiring an additional 600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Vicor by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker’s stock valued at $627,000 after purchasing an additional 654 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Vicor by 8.2% during the 4th quarter. MetLife Investment Management LLC now owns 13,700 shares of the electronics maker’s stock worth $662,000 after purchasing an additional 1,039 shares during the last quarter. Swiss National Bank grew its stake in shares of Vicor by 2.5% during the fourth quarter. Swiss National Bank now owns 45,932 shares of the electronics maker’s stock worth $2,219,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Vicor by 1.9% during the fourth quarter. Invesco Ltd. now owns 60,028 shares of the electronics maker’s stock worth $2,901,000 after purchasing an additional 1,136 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently 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 cut Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Tuesday, February 18th.

Vicor Price Performance

NASDAQ VICR opened at $45.84 on Tuesday. Vicor Co. has a 12 month low of $31.65 and a 12 month high of $65.70. The company has a 50-day moving average of $44.47 and a 200-day moving average of $49.90. The company has a market cap of $2.07 billion, a P/E ratio of 88.16 and a beta of 1.77.

Vicor (NASDAQ:VICR) last announced 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). The company had revenue of $93.97 million for the quarter, compared to analysts’ expectations of $96.63 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share.

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.