VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Vicor Corporation $VICR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Vicor Corporation (NASDAQ:VICR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,960 shares of the electronics maker’s stock, valued at approximately $324,000.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake 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 valued at $30,000 after buying an additional 210 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. raised its stake in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. First PREMIER Bank acquired a new position in shares of Vicor in the 4th quarter valued at $55,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC increased their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $198.33.

Vicor Stock Down 2.2%

Shares of NASDAQ:VICR opened at $243.43 on Wednesday. Vicor Corporation has a 12 month low of $40.54 and a 12 month high of $316.82. The company’s 50-day moving average price is $212.46 and its two-hundred day moving average price is $158.22. The firm has a market cap of $11.10 billion, a P/E ratio of 81.41 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 20.2% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other Vicor news, VP Kemble D. Morrison sold 2,313 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $301.59, for a total transaction of $697,577.67. Following the sale, the vice president owned 372 shares of the company’s stock, valued at $112,191.48. This represents a 86.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew D’amico sold 800 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00. Following the sale, the director directly owned 800 shares in the company, valued at approximately $252,280. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 748,666 shares of company stock worth $145,530,238. 31.30% of the stock is currently owned by insiders.

About Vicor

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.