Principal Financial Group Inc. Sells 14,705 Shares of Vicor Corporation $VICR

Principal Financial Group Inc. cut its holdings in Vicor Corporation (NASDAQ:VICR) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,760 shares of the electronics maker’s stock after selling 14,705 shares during the quarter. Principal Financial Group Inc. owned approximately 0.25% of Vicor worth $5,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Amalgamated Bank boosted its holdings in Vicor by 3.4% in the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after acquiring an additional 224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Vicor by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock valued at $269,000 after acquiring an additional 415 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the period. Finally, Bouvel Investment Partners LLC raised its holdings in Vicor by 3.4% in the 3rd quarter. Bouvel Investment Partners LLC now owns 24,098 shares of the electronics maker’s stock worth $1,198,000 after purchasing an additional 796 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 22nd. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Vicor presently has an average rating of “Moderate Buy” and a consensus target price of $118.33.

Insider Transactions at Vicor

In related news, insider Michael Mcnamara sold 4,237 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $101.23, for a total value of $428,911.51. Following the transaction, the insider owned 18,138 shares in the company, valued at $1,836,109.74. The trade was a 18.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer directly owned 875 shares in the company, valued at $96,250. This trade represents a 85.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,306 shares of company stock valued at $13,918,540 in the last quarter. 31.30% of the stock is owned by insiders.

Vicor Stock Down 5.1%

Vicor stock opened at $155.96 on Friday. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $177.00. The company has a market capitalization of $6.96 billion, a P/E ratio of 85.22 and a beta of 1.90. The stock’s 50 day moving average is $134.02 and its 200 day moving average is $88.83.

Vicor Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.