State of Michigan Retirement System Invests $886,000 in Vicor Corporation $VICR

State of Michigan Retirement System bought a new position in shares of Vicor Corporation (NASDAQ:VICR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,500 shares of the electronics maker’s stock, valued at approximately $886,000.

A number of other hedge funds have also recently bought and sold shares of VICR. Vanguard Group Inc. increased its holdings in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after purchasing an additional 60,963 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after purchasing an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Vicor by 39.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after purchasing an additional 106,206 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Vicor Trading Down 2.8%

NASDAQ VICR opened at $230.99 on Tuesday. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 77.25 and a beta of 2.33. The firm’s 50 day simple moving average is $297.90 and its 200 day simple moving average is $221.96. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results 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 company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Vicor’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

VICR has been the subject of a number of analyst reports. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Roth Capital upped their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC lifted their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $408.33.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the transaction, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 392,682 shares of company stock worth $123,899,833. 28.30% of the stock is owned by company insiders.

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.