Colrain Capital LLC Purchases New Stake in Vicor Co. (NASDAQ:VICR)

Colrain Capital LLC acquired a new position in shares of Vicor Co. (NASDAQ:VICR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 190,002 shares of the electronics maker’s stock, valued at approximately $9,181,000. Vicor accounts for 9.0% of Colrain Capital LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bouvel Investment Partners LLC increased its stake in shares of Vicor by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock worth $1,198,000 after purchasing an additional 243 shares during the period. Simon Quick Advisors LLC increased its position in Vicor by 4.1% during the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock worth $395,000 after buying an additional 324 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Vicor by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock worth $10,314,000 after buying an additional 600 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the period. Finally, Swiss National Bank grew its stake in shares of Vicor by 2.5% in the fourth quarter. Swiss National Bank now owns 45,932 shares of the electronics maker’s stock valued at $2,219,000 after acquiring an additional 1,100 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Vicor Stock Down 4.4 %

VICR opened at $48.40 on Monday. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 93.08 and a beta of 1.45. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $65.70. The company has a 50-day simple moving average of $53.87 and a 200 day simple moving average of $50.24.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million.

Insider Activity

In related news, Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Claudio Tuozzolo sold 1,898 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total value of $122,971.42. Following the transaction, the vice president now directly owns 33,622 shares of the company’s stock, valued at approximately $2,178,369.38. The trade was a 5.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,642 shares of company stock worth $819,890. 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.