California State Teachers Retirement System Boosts Stock Position in Vicor Corporation $VICR

California State Teachers Retirement System increased its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 1.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,326 shares of the electronics maker's stock after purchasing an additional 365 shares during the period. California State Teachers Retirement System owned 0.06% of Vicor worth $10,377,868 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its stake in shares of Vicor by 23.5% during the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker's stock valued at $122,000 after acquiring an additional 61 shares during the period. Carolina Wealth Advisors LLC increased its stake in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock valued at $916,000 after acquiring an additional 68 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker's stock worth $490,000 after buying an additional 74 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker's stock valued at $574,000 after purchasing an additional 90 shares during the period. Institutional investors own 47.45% of the company's stock.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00. Following the transaction, the chief executive officer directly owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the completion of the transaction, the vice president owned 1,920 shares in the company, valued at approximately $685,382.40. This trade represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 157,536 shares of company stock valued at $52,821,338 in the last quarter. 28.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VICR. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Zacks Research cut shares of Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Needham & Company LLC dropped their price target on Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $381.67.

Vicor Price Performance

Shares of VICR traded down $5.41 during trading hours on Tuesday, hitting $179.32. The company's stock had a trading volume of 348,924 shares, compared to its average volume of 832,761. The business has a 50 day simple moving average of $215.11 and a two-hundred day simple moving average of $236.85. Vicor Corporation has a 52-week low of $47.56 and a 52-week high of $382.65. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 57.40 and a beta of 2.35.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm's quarterly revenue was up 49.3% compared to the same quarter last year. Research analysts predict that Vicor Corporation will post 3.28 earnings per share for the current year.

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, manufactures and markets modular power components and power systems. The company's products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor's Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.

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