First Trust Advisors LP Invests $1.21 Million in Vicor Corp (VICR)

First Trust Advisors LP bought a new stake in Vicor Corp (NASDAQ:VICR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,286 shares of the electronics maker’s stock, valued at approximately $1,209,000. First Trust Advisors LP owned 0.07% of Vicor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in VICR. BlackRock Inc. raised its stake in Vicor by 4.7% in the second quarter. BlackRock Inc. now owns 2,302,168 shares of the electronics maker’s stock valued at $100,259,000 after purchasing an additional 103,418 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Vicor in the second quarter valued at about $21,902,000. WINTON GROUP Ltd acquired a new position in Vicor in the second quarter valued at about $12,511,000. Northern Trust Corp raised its stake in Vicor by 11.0% in the second quarter. Northern Trust Corp now owns 230,254 shares of the electronics maker’s stock valued at $10,027,000 after purchasing an additional 22,785 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Vicor by 10.4% in the second quarter. Bank of New York Mellon Corp now owns 200,003 shares of the electronics maker’s stock valued at $8,710,000 after purchasing an additional 18,842 shares in the last quarter. 31.20% of the stock is owned by institutional investors.

VICR stock opened at $32.50 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 56.10 and a beta of 1.06. Vicor Corp has a 52 week low of $16.30 and a 52 week high of $64.50.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 16th. The electronics maker reported $0.32 EPS for the quarter. The business had revenue of $78.04 million during the quarter. Vicor had a return on equity of 16.53% and a net margin of 9.57%.

Separately, BidaskClub downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 13th.

In other Vicor news, VP Philip D. Davies sold 750 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $33.74, for a total transaction of $25,305.00. Following the completion of the transaction, the vice president now owns 750 shares of the company’s stock, valued at $25,305. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kemble D. Morrison sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $35.00, for a total value of $140,000.00. Following the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $140,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,477 shares of company stock valued at $590,303. Insiders own 37.40% of the company’s stock.

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About Vicor

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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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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