Trexquant Investment LP acquired a new position in Vicor Corp (NASDAQ:VICR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,177 shares of the electronics maker’s stock, valued at approximately $606,000.
Other hedge funds have also recently made changes to their positions in the company. 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 during the period. Piedmont Investment Advisors LLC bought a new position in shares of Vicor during the 2nd quarter worth approximately $167,000. Thompson Davis & CO. Inc. lifted its position in shares of Vicor by 925.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,125 shares of the electronics maker’s stock worth $223,000 after buying an additional 4,625 shares during the period. Sei Investments Co. bought a new position in shares of Vicor during the 2nd quarter worth approximately $821,000. Finally, Engineers Gate Manager LP bought a new position in shares of Vicor during the 2nd quarter worth approximately $392,000. Institutional investors own 31.20% of the company’s stock.
In related news, VP Kemble D. Morrison sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $35.00, for a total transaction of $140,000.00. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $140,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philip D. Davies sold 750 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $33.74, for a total value of $25,305.00. Following the sale, the vice president now directly owns 750 shares of the company’s stock, valued at $25,305. The disclosure for this sale can be found here. Insiders have sold a total of 15,477 shares of company stock valued at $590,303 over the last ninety days. Insiders own 37.40% of the company’s stock.
Vicor stock opened at $38.47 on Tuesday. Vicor Corp has a one year low of $16.30 and a one year high of $64.50. The company has a market cap of $1.44 billion, a P/E ratio of 56.83 and a beta of 1.07.
Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, October 16th. The electronics maker reported $0.32 earnings per share for the quarter. Vicor had a return on equity of 16.53% and a net margin of 9.57%. The firm had revenue of $78.04 million during the quarter.
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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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