Rhumbline Advisers Sells 543 Shares of Vicor Corporation $VICR

Rhumbline Advisers trimmed its stake in Vicor Corporation (NASDAQ:VICR) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,884 shares of the electronics maker’s stock after selling 543 shares during the period. Rhumbline Advisers owned 0.15% of Vicor worth $3,176,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Optimum Investment Advisors acquired a new position in Vicor during the 1st quarter valued at about $26,000. Manchester Capital Management LLC increased its position in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. Strs Ohio acquired a new position in Vicor during the 1st quarter valued at about $56,000. KBC Group NV acquired a new position in Vicor during the 1st quarter valued at about $57,000. Finally, CWM LLC increased its holdings in shares of Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock valued at $150,000 after purchasing an additional 802 shares during the period. 47.45% of the stock is owned by institutional investors.

Vicor Price Performance

NASDAQ VICR opened at $51.89 on Tuesday. The company has a market cap of $2.33 billion, a PE ratio of 35.54 and a beta of 1.76. The stock’s 50 day simple moving average is $48.29 and its 200-day simple moving average is $47.39. Vicor Corporation has a 1-year low of $36.08 and a 1-year high of $65.70.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.73. The business had revenue of $141.05 million for the quarter, compared to the consensus estimate of $96.43 million. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The business’s quarterly revenue was up 64.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VICR. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $43.00.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 5,813 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the sale, the director owned 1,217 shares of the company’s stock, valued at $76,671. This trade represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.30% of the stock is currently owned by company insiders.

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.