Public Employees Retirement System of Ohio Acquires New Holdings in Vicor Corporation $VICR

Key Points

• Public Employees Retirement System of Ohio acquired 7,601 Vicor shares worth approximately $2.89 million in the second quarter. Institutional investors collectively own 47.45% of the company.
• Analyst sentiment remains positive overall, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $381.67, although some firms recently lowered their ratings or targets.
• Vicor reported quarterly EPS of $1.04, exceeding estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. Meanwhile, insiders sold 238,266 shares worth about $76.5 million over the past three months.

Public Employees Retirement System of Ohio bought a new stake in Vicor Corporation (NASDAQ:VICR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,601 shares of the electronics maker's stock, valued at approximately $2,887,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. bought a new stake in Vicor during the 4th quarter worth $32,000. Allworth Financial LP increased its holdings in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after purchasing an additional 288 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Vicor in the fourth quarter valued at about $36,000. Institutional investors own 47.45% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VICR. Weiss Ratings cut Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Roth Capital lifted their target price on shares of Vicor from $285.00 to $375.00 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. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC cut their price target on shares of Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $381.67.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $360.94, for a total value of $7,218,800.00. Following the transaction, the chief executive officer directly owned 8,488,090 shares of the company's stock, valued at $3,063,691,204.60. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 238,266 shares of company stock valued at $76,514,148. Company insiders own 28.30% of the company's stock.

Vicor Stock Performance

NASDAQ:VICR opened at $188.55 on Friday. Vicor Corporation has a 52 week low of $47.56 and a 52 week high of $382.65. The firm's fifty day moving average is $231.54 and its 200-day moving average is $235.38. The firm has a market cap of $8.69 billion, a P/E ratio of 60.43 and a beta of 2.35.

Vicor (NASDAQ:VICR - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. Vicor's revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, sell-side analysts anticipate that Vicor Corporation will post 3.28 earnings per share for the current year.

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.

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