Brown Capital Management LLC Sells 112,318 Shares of Vicor Co. (NASDAQ:VICR)

Brown Capital Management LLC decreased its holdings in shares of Vicor Co. (NASDAQ:VICR) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 952,763 shares of the electronics maker’s stock after selling 112,318 shares during the quarter. Brown Capital Management LLC owned about 2.11% of Vicor worth $40,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Vicor by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock valued at $95,438,000 after acquiring an additional 18,331 shares during the period. Dimensional Fund Advisors LP grew its position in Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares during the last quarter. AWM Investment Company Inc. increased its holdings in shares of Vicor by 2.3% during the 1st quarter. AWM Investment Company Inc. now owns 224,457 shares of the electronics maker’s stock worth $8,583,000 after purchasing an additional 5,021 shares during the period. Herald Investment Management Ltd raised its position in shares of Vicor by 11.1% during the second quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker’s stock valued at $6,616,000 after buying an additional 20,000 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in shares of Vicor by 178.7% in the first quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock valued at $6,916,000 after buying an additional 115,966 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VICR shares. Craig Hallum boosted their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Stock Up 1.5 %

NASDAQ:VICR opened at $53.87 on Thursday. The firm has a market capitalization of $2.43 billion, a PE ratio of 112.23 and a beta of 1.48. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $61.05. The firm has a 50-day moving average price of $45.09 and a 200 day moving average price of $38.95.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $85.23 million. During the same period in the prior year, the firm posted $0.37 EPS. Vicor’s quarterly revenue was down 13.6% compared to the same quarter last year.

Insider Buying and Selling at Vicor

In related news, 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 transaction of $50,512.56. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 31.00% of the company’s stock.

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.