Cadence Capital Management LLC lifted its stake in Vicor Corp (NASDAQ:VICR) by 40.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,946 shares of the electronics maker’s stock after buying an additional 25,156 shares during the quarter. Cadence Capital Management LLC owned approximately 0.22% of Vicor worth $1,817,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Vicor by 72.9% during the third quarter. BNP Paribas Arbitrage SA now owns 8,151 shares of the electronics maker’s stock valued at $192,000 after purchasing an additional 3,436 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Vicor during the third quarter valued at $214,000. Wells Fargo & Company MN raised its stake in Vicor by 6.2% during the second quarter. Wells Fargo & Company MN now owns 12,494 shares of the electronics maker’s stock valued at $224,000 after purchasing an additional 729 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Vicor during the third quarter valued at $250,000. Finally, The Manufacturers Life Insurance Company raised its stake in Vicor by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,801 shares of the electronics maker’s stock valued at $265,000 after purchasing an additional 688 shares in the last quarter. 25.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Barry Kelleher sold 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $22.63, for a total value of $226,300.00. Following the sale, the director now owns 8,257 shares of the company’s stock, valued at $186,855.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director H Allen Henderson sold 1,400 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total transaction of $32,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 24,284 shares of company stock worth $546,080. Insiders own 38.90% of the company’s stock.
A number of research firms recently issued reports on VICR. BidaskClub downgraded shares of Vicor from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. TheStreet raised shares of Vicor from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th.
Shares of Vicor Corp (NASDAQ VICR) traded up $0.35 on Friday, hitting $18.25. 33,588 shares of the stock traded hands, compared to its average volume of 79,691. Vicor Corp has a 1-year low of $14.85 and a 1-year high of $25.65. The stock has a market capitalization of $704.17, a P/E ratio of -182.48 and a beta of 1.32.
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Vicor Company Profile
Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company’s segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd.
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