Vicor Corporation (NASDAQ:VICR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Vicor Corporation (NASDAQ:VICR) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,584 shares of the electronics maker’s stock after selling 1,572 shares during the period. SG Americas Securities LLC’s holdings in Vicor were worth $729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Vicor in the 4th quarter valued at about $140,000. Truist Financial Corp purchased a new stake in shares of Vicor in the fourth quarter worth approximately $213,000. Net Worth Advisory Group purchased a new stake in shares of Vicor in the fourth quarter worth approximately $218,000. KLP Kapitalforvaltning AS bought a new position in Vicor during the fourth quarter valued at approximately $227,000. Finally, Commonwealth Equity Services LLC acquired a new position in Vicor during the fourth quarter valued at approximately $231,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Performance

NASDAQ VICR opened at $44.07 on Friday. The business has a 50 day simple moving average of $44.38 and a 200 day simple moving average of $49.34. Vicor Corporation has a 52-week low of $31.65 and a 52-week high of $65.70. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 84.75 and a beta of 1.77.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). The business had revenue of $93.97 million during the quarter, compared to the consensus estimate of $96.63 million. Vicor had a net margin of 6.27% and a return on equity of 4.13%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

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.