WINTON GROUP Ltd lowered its stake in shares of Vicor Corp (NASDAQ:VICR) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,306 shares of the electronics maker’s stock after selling 70,964 shares during the quarter. WINTON GROUP Ltd owned approximately 0.54% of Vicor worth $9,950,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Vicor by 677.5% during the 1st quarter. JPMorgan Chase & Co. now owns 31,939 shares of the electronics maker’s stock worth $911,000 after buying an additional 27,831 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Vicor by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 124,728 shares of the electronics maker’s stock worth $3,561,000 after buying an additional 2,959 shares in the last quarter. Capital Impact Advisors LLC bought a new position in shares of Vicor during the 2nd quarter worth approximately $1,694,000. Piedmont Investment Advisors LLC bought a new position in shares of Vicor during the 2nd quarter worth approximately $167,000. Finally, Shikiar Asset Management Inc. bought a new position in shares of Vicor during the 2nd quarter worth approximately $6,114,000. 26.02% of the stock is currently owned by institutional investors.
Vicor stock opened at $37.95 on Friday. Vicor Corp has a 52 week low of $16.30 and a 52 week high of $64.50. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 63.40 and a beta of 1.17.
Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 16th. The electronics maker reported $0.32 EPS for the quarter. The firm had revenue of $78.04 million for the quarter. Vicor had a net margin of 9.57% and a return on equity of 16.53%.
Separately, BidaskClub cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 13th.
In related news, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $61.78, for a total value of $494,240.00. Following the sale, the director now owns 319,079 shares of the company’s stock, valued at approximately $19,712,700.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry Kelleher sold 727 shares of Vicor stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $40.30, for a total transaction of $29,298.10. Following the completion of the sale, the director now directly owns 2,984 shares in the company, valued at approximately $120,255.20. The disclosure for this sale can be found here. Insiders sold a total of 18,727 shares of company stock worth $919,238 in the last ninety days. 37.40% of the stock is currently owned by insiders.
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Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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