Vicor Corp (VICR) Shares Bought by Morgan Stanley
Morgan Stanley grew its holdings in Vicor Corp (NASDAQ:VICR) by 110.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,197 shares of the electronics maker’s stock after buying an additional 99,859 shares during the period. Morgan Stanley owned 0.47% of Vicor worth $8,749,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pendal Group Ltd acquired a new stake in shares of Vicor in the third quarter valued at about $202,000. Jane Street Group LLC acquired a new stake in shares of Vicor in the second quarter valued at about $202,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Vicor by 75.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 5,100 shares of the electronics maker’s stock valued at $235,000 after buying an additional 2,200 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Vicor in the second quarter valued at about $287,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Vicor in the third quarter valued at about $297,000. Institutional investors and hedge funds own 30.60% of the company’s stock.
In related news, VP Philip D. Davies sold 750 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 750 shares in the company, valued at $25,305. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kemble D. Morrison sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $35.00, for a total transaction of $140,000.00. Following the sale, the vice president now owns 4,000 shares of the company’s stock, valued at $140,000. The disclosure for this sale can be found here. 37.40% of the stock is currently owned by company insiders.
Vicor stock opened at $37.14 on Tuesday. Vicor Corp has a 12-month low of $16.90 and a 12-month high of $64.50. The stock has a market cap of $1.49 billion, a P/E ratio of 57.81 and a beta of 0.58.
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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