California State Teachers Retirement System Acquires 10,350,907 Shares of Vicor Corporation $VICR

Key Points

• California State Teachers Retirement System increased its Vicor stake by 38,392.1% in the second quarter, acquiring 10.35 million shares and bringing its ownership to approximately 22.51%.
• Vicor reported strong quarterly results, with EPS of $1.04 exceeding the $0.65 consensus estimate and revenue rising 49.3% year over year to $143.35 million.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $381.67, although insiders sold $59.2 million of stock over the past three months.

California State Teachers Retirement System grew its holdings in Vicor Corporation (NASDAQ:VICR - Free Report) by 38,392.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,377,868 shares of the electronics maker's stock after purchasing an additional 10,350,907 shares during the period. California State Teachers Retirement System owned approximately 22.51% of Vicor worth $3,941,307,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after buying an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock valued at $633,000 after acquiring an additional 563 shares in the last quarter. Millennium Management LLC grew its position in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Insider Activity at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares of the company's stock, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 700 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the sale, the chief executive officer owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 177,536 shares of company stock valued at $59,194,338. 28.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Vicor Price Performance

Shares of Vicor stock opened at $178.05 on Friday. Vicor Corporation has a one year low of $47.56 and a one year high of $382.65. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 57.07 and a beta of 2.35. The business has a 50-day simple moving average of $218.82 and a 200 day simple moving average of $236.70.

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