MetLife Investment Advisors LLC cut its holdings in Vicor Corp (NASDAQ:VICR) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,027 shares of the electronics maker’s stock after selling 4,849 shares during the period. MetLife Investment Advisors LLC’s holdings in Vicor were worth $266,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in VICR. Texas Permanent School Fund lifted its position in shares of Vicor by 4.9% in the 4th quarter. Texas Permanent School Fund now owns 10,596 shares of the electronics maker’s stock worth $400,000 after purchasing an additional 496 shares during the period. Pearl River Capital LLC purchased a new stake in shares of Vicor in the 4th quarter worth approximately $26,000. Neuburgh Advisers LLC lifted its position in shares of Vicor by 115.8% in the 4th quarter. Neuburgh Advisers LLC now owns 1,968 shares of the electronics maker’s stock worth $74,000 after purchasing an additional 1,056 shares during the period. Teachers Advisors LLC lifted its position in shares of Vicor by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 33,570 shares of the electronics maker’s stock worth $1,544,000 after purchasing an additional 1,316 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Vicor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 189,887 shares of the electronics maker’s stock worth $7,175,000 after purchasing an additional 1,322 shares during the period. 30.82% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Samuel J. Anderson sold 9,092 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $30.95, for a total value of $281,397.40. Following the completion of the sale, the director now directly owns 15,223 shares in the company, valued at $471,151.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Samuel J. Anderson sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total transaction of $180,300.00. Following the completion of the sale, the director now owns 10,223 shares of the company’s stock, valued at $368,641.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,443 shares of company stock worth $729,440. Insiders own 37.40% of the company’s stock.
VICR traded down $0.11 during midday trading on Friday, hitting $35.30. 170,450 shares of the company traded hands, compared to its average volume of 215,534. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 45.26 and a beta of 0.56. Vicor Corp has a 52-week low of $28.75 and a 52-week high of $64.50.
Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, February 26th. The electronics maker reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $73.72 million for the quarter. Vicor had a net margin of 10.99% and a return on equity of 18.08%. As a group, sell-side analysts expect that Vicor Corp will post 0.62 earnings per share for the current fiscal year.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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