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Scout Investments Inc. Takes $6.83 Million Position in Vicor Co. (NASDAQ:VICR)

Scout Investments Inc. bought a new stake in shares of Vicor Co. (NASDAQ:VICRGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 124,797 shares of the electronics maker’s stock, valued at approximately $6,830,000. Scout Investments Inc. owned about 0.28% of Vicor at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VICR. Point72 Hong Kong Ltd bought a new position in shares of Vicor during the 4th quarter worth $80,000. Captrust Financial Advisors grew its stake in shares of Vicor by 109.3% during the 1st quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after acquiring an additional 469 shares during the period. Covestor Ltd grew its stake in shares of Vicor by 132.4% during the 1st quarter. Covestor Ltd now owns 960 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 547 shares during the period. Exane Derivatives bought a new position in shares of Vicor during the 1st quarter worth $119,000. Finally, Eaton Vance Management grew its stake in shares of Vicor by 544.6% during the 4th quarter. Eaton Vance Management now owns 2,630 shares of the electronics maker’s stock worth $279,000 after acquiring an additional 2,222 shares during the period. 42.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Needham & Company LLC cut their price target on Vicor from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vicor presently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

Vicor Stock Down 2.0 %

Shares of NASDAQ VICR opened at $58.75 on Monday. Vicor Co. has a 52 week low of $50.22 and a 52 week high of $164.76. The business has a 50-day simple moving average of $69.12 and a two-hundred day simple moving average of $64.86. The company has a market cap of $2.58 billion, a P/E ratio of 69.94 and a beta of 1.12.

Vicor (NASDAQ:VICRGet Rating) last issued its earnings results on Thursday, July 21st. The electronics maker reported $0.24 EPS for the quarter. Vicor had a return on equity of 8.81% and a net margin of 10.32%. The business had revenue of $102.19 million during the quarter.

Insiders Place Their Bets

In other news, Director Estia J. Eichten sold 5,000 shares of Vicor stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the director now owns 230,329 shares in the company, valued at approximately $14,971,385. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Estia J. Eichten sold 11,938 shares of Vicor stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.74, for a total transaction of $844,494.12. Following the completion of the sale, the director now owns 228,329 shares in the company, valued at approximately $16,151,993.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Estia J. Eichten sold 5,000 shares of Vicor stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the director now owns 230,329 shares of the company’s stock, valued at approximately $14,971,385. The disclosure for this sale can be found here. 31.30% of the stock is owned by corporate insiders.

Vicor Company Profile

(Get Rating)

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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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