Gamco Investors INC. ET AL trimmed its stake in Vicor Corp (NASDAQ:VICR) by 62.5% during the third quarter, HoldingsChannel.com reports. The fund owned 15,000 shares of the electronics maker’s stock after selling 25,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Vicor were worth $690,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Vicor during the second quarter worth $167,000. Jane Street Group LLC bought a new stake in shares of Vicor during the second quarter worth $202,000. Thompson Davis & CO. Inc. grew its holdings in shares of Vicor by 925.0% during the second quarter. Thompson Davis & CO. Inc. now owns 5,125 shares of the electronics maker’s stock worth $223,000 after purchasing an additional 4,625 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Vicor by 1,286.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,072 shares of the electronics maker’s stock worth $264,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Vicor during the second quarter worth $287,000. Hedge funds and other institutional investors own 25.61% of the company’s stock.
Separately, BidaskClub cut Vicor from a “sell” rating to a “strong sell” rating in a report on Thursday.
Shares of VICR stock opened at $35.28 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 54.13 and a beta of 1.17. Vicor Corp has a 52 week low of $16.30 and a 52 week high of $64.50.
Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 16th. The electronics maker reported $0.32 EPS for the quarter. The company had revenue of $78.04 million for the quarter. Vicor had a return on equity of 16.53% and a net margin of 9.57%.
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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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