Point72 DIFC Ltd Cuts Position in Vicor Co. (NASDAQ:VICR)

Point72 DIFC Ltd reduced its stake in shares of Vicor Co. (NASDAQ:VICR) by 47.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,142 shares of the electronics maker’s stock after selling 1,049 shares during the period. Point72 DIFC Ltd’s holdings in Vicor were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VICR. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after buying an additional 552 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC boosted its stake in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 670 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after purchasing an additional 808 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICR has been the topic of several research reports. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

Insider Transactions at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the sale, the director now directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Vicor Stock Performance

VICR stock opened at $55.45 on Tuesday. The stock’s 50 day moving average price is $49.53 and its 200 day moving average price is $40.99. The firm has a market cap of $2.50 billion, a P/E ratio of 115.52 and a beta of 1.49. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same quarter last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.