Sapient Capital LLC Takes Position in Vicor Co. (NASDAQ:VICR)

Sapient Capital LLC bought a new position in Vicor Co. (NASDAQ:VICR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 44,650 shares of the electronics maker’s stock, valued at approximately $2,007,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new stake in shares of Vicor during the third quarter valued at $12,335,000. Principal Financial Group Inc. lifted its stake in Vicor by 105.9% during the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock valued at $10,316,000 after buying an additional 90,099 shares in the last quarter. AWM Investment Company Inc. lifted its stake in Vicor by 54.8% during the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock valued at $12,070,000 after buying an additional 72,526 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Vicor by 84.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,747 shares of the electronics maker’s stock worth $8,819,000 after buying an additional 68,361 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Vicor in the third quarter worth approximately $1,830,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Price Performance

Vicor stock traded up $1.18 during trading hours on Friday, hitting $33.96. The company had a trading volume of 159,291 shares, compared to its average volume of 231,251. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $98.38. The firm has a market capitalization of $1.51 billion, a P/E ratio of 33.96 and a beta of 1.53. The firm’s fifty day moving average is $36.28 and its 200-day moving average is $39.44.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. Vicor had a return on equity of 8.55% and a net margin of 11.49%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share.

Analyst Ratings Changes

Several brokerages recently commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, April 24th. StockNews.com downgraded Vicor from a “hold” rating to a “sell” rating in a report on Sunday, April 28th. Finally, Craig Hallum reduced their price objective on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th.

Insiders Place Their Bets

In related news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders sold 4,999 shares of company stock valued at $184,990 over the last ninety days. Corporate insiders own 31.30% of the company’s stock.

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.