Vicor Co. (NASDAQ:VICR) shares reached a new 52-week high and low on Thursday . The company traded as low as $29.25 and last traded at $28.80, with a volume of 58306 shares trading hands. The stock had previously closed at $29.00.
Separately, BidaskClub upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research note on Tuesday.
Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share for the quarter. Vicor had a net margin of 0.07% and a negative return on equity of 0.55%. The company had revenue of $58.77 million for the quarter.
In related news, VP Richard J. Nagel, Jr. sold 2,500 shares of Vicor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $26.97, for a total transaction of $67,425.00. Following the transaction, the vice president now owns 2,500 shares in the company, valued at approximately $67,425. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 38.90% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in VICR. MetLife Investment Advisors LLC purchased a new stake in Vicor in the 4th quarter worth $184,000. BNP Paribas Arbitrage SA lifted its stake in Vicor by 72.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,151 shares of the electronics maker’s stock worth $192,000 after purchasing an additional 3,436 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Vicor in the 4th quarter worth $344,000. Wells Fargo & Company MN lifted its stake in Vicor by 57.1% in the 3rd quarter. Wells Fargo & Company MN now owns 19,622 shares of the electronics maker’s stock worth $463,000 after purchasing an additional 7,128 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in Vicor in the 4th quarter worth $572,000. Institutional investors and hedge funds own 25.05% of the company’s stock.
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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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