Vicor Corporation (NASDAQ:VICR) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in Vicor Corporation (NASDAQ:VICR) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,768 shares of the electronics maker’s stock after selling 279 shares during the period. State of Alaska Department of Revenue’s holdings in Vicor were worth $597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VICR. Headlands Technologies LLC acquired a new stake in shares of Vicor in the fourth quarter valued at about $140,000. Truist Financial Corp acquired a new stake in shares of Vicor in the fourth quarter valued at about $213,000. Net Worth Advisory Group acquired a new stake in shares of Vicor in the fourth quarter valued at about $218,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Vicor in the fourth quarter valued at about $227,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Vicor in the fourth quarter valued at about $231,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Down 1.4%

Shares of VICR opened at $46.66 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 89.73 and a beta of 1.77. The company has a 50-day moving average of $44.29 and a two-hundred day moving average of $48.95. Vicor Corporation has a 12-month low of $32.36 and a 12-month high of $65.70.

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

Analyst Ratings Changes

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

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.