Vicor Co. (NASDAQ:VICR) Shares Bought by Swiss National Bank

Swiss National Bank boosted its stake in shares of Vicor Co. (NASDAQ:VICR – Get Rating) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 54,432 shares of the electronics maker’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank’s holdings in Vicor were worth $2,926,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VICR. Prudential Financial Inc. acquired a new stake in shares of Vicor in the third quarter valued at about $325,000. Fisher Asset Management LLC purchased a new stake in shares of Vicor in the third quarter valued at about $1,434,000. Great West Life Assurance Co. Can grew its holdings in shares of Vicor by 8.7% in the third quarter. Great West Life Assurance Co. Can now owns 14,092 shares of the electronics maker’s stock valued at $834,000 after purchasing an additional 1,122 shares during the period. Congress Wealth Management LLC DE grew its holdings in shares of Vicor by 1.6% in the third quarter. Congress Wealth Management LLC DE now owns 48,241 shares of the electronics maker’s stock valued at $2,853,000 after purchasing an additional 743 shares during the period. Finally, NinePointTwo Capital LLC purchased a new stake in shares of Vicor in the third quarter valued at about $341,000. 41.50% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

Shares of VICR stock opened at $48.87 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 57.49 and a beta of 1.36. The company has a 50-day moving average of $44.43 and a two-hundred day moving average of $52.07. Vicor Co. has a 1-year low of $38.71 and a 1-year high of $82.39.

Vicor (NASDAQ:VICR – Get Rating) last announced its earnings results on Tuesday, April 25th. The electronics maker reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $97.82 million during the quarter, compared to analyst estimates of $104.13 million. Vicor had a net margin of 9.30% and a return on equity of 8.25%. Vicor’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share.

Insiders Place Their Bets

In other news, VP Sean Crilly sold 23,170 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $43.07, for a total value of $997,931.90. Following the completion of the transaction, the vice president now owns 23,416 shares of the company’s stock, valued at $1,008,527.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 31.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VICR. Craig Hallum lowered shares of Vicor from a “buy” rating to a “hold” rating and dropped their price objective for the company from $70.00 to $45.00 in a report on Friday, February 24th. StockNews.com began coverage on shares of Vicor in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Needham & Company LLC dropped their price objective on shares of Vicor from $65.00 to $55.00 in a report on Wednesday, April 26th.

About Vicor

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Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.