Morgan Stanley grew its holdings in Vicor Corp (NASDAQ:VICR) by 110.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,197 shares of the electronics maker’s stock after purchasing an additional 99,859 shares during the quarter. Morgan Stanley’s holdings in Vicor were worth $8,749,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its holdings in Vicor by 6.0% during the third quarter. Legal & General Group Plc now owns 34,607 shares of the electronics maker’s stock worth $1,579,000 after purchasing an additional 1,969 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Vicor by 130.1% in the 3rd quarter. AQR Capital Management LLC now owns 43,435 shares of the electronics maker’s stock valued at $1,998,000 after acquiring an additional 24,558 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Vicor by 35.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,876 shares of the electronics maker’s stock valued at $546,000 after acquiring an additional 3,083 shares during the period. Verition Fund Management LLC acquired a new position in shares of Vicor in the 3rd quarter valued at $297,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at $855,000. 30.60% of the stock is owned by institutional investors and hedge funds.
In related news, VP Kemble D. Morrison sold 4,000 shares of Vicor stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $35.00, for a total value of $140,000.00. Following the transaction, the vice president now directly owns 4,000 shares in the company, valued at approximately $140,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philip D. Davies sold 750 shares of Vicor stock in a transaction on Monday, November 26th. The shares were sold at an average price of $33.74, for a total transaction of $25,305.00. Following the completion of the transaction, the vice president now owns 750 shares in the company, valued at $25,305. The disclosure for this sale can be found here. Insiders own 37.40% of the company’s stock.
Shares of Vicor stock opened at $37.14 on Tuesday. The firm has a market capitalization of $1.49 billion, a PE ratio of 57.81 and a beta of 0.58. Vicor Corp has a 12 month low of $16.90 and a 12 month high of $64.50.
A number of brokerages have recently commented on VICR. ValuEngine raised shares of Vicor from a “hold” rating to a “buy” rating in a report on Monday, February 4th. TheStreet raised shares of Vicor from a “c” rating to a “b-” rating in a report on Thursday, January 24th. Finally, BidaskClub cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 30th.
Vicor Company Profile
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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