Vicor Corporation $VICR Shares Acquired by Strs Ohio

Key Points

• Strs Ohio boosted its stake in Vicor by 128.6% in Q4 to 9,600 shares (worth $1.05M); institutional investors now own about 47.45% of the company.
• Vicor beat estimates for the most recent quarter with $0.44 EPS vs. $0.40 expected and $113M in revenue (up 20.2% year-over-year), reporting a 28.98% net margin and 20.21% ROE.
• Significant insider selling has occurred (705,598 shares, ~$132.8M, in the last 90 days including CEO and VP sales), while analysts maintain a consensus Buy rating with an average price target of $198.33; the stock trades near $280 with a P/E around 94.

Strs Ohio lifted its position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 128.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,600 shares of the electronics maker's stock after buying an additional 5,400 shares during the period. Strs Ohio's holdings in Vicor were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Vicor in the 3rd quarter worth about $352,000. Summit Global Investments purchased a new position in shares of Vicor during the 3rd quarter worth about $1,050,000. Colrain Capital LLC boosted its position in shares of Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker's stock worth $12,636,000 after acquiring an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Vicor by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker's stock valued at $4,441,000 after purchasing an additional 10,532 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Vicor during the third quarter worth approximately $448,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VICR shares. Roth Mkm reiterated a "buy" rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Needham & Company LLC upped their price target on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Vicor presently has a consensus rating of "Buy" and an average price target of $198.33.

Vicor Stock Performance

VICR opened at $280.34 on Thursday. The company has a 50-day moving average of $197.74 and a 200-day moving average of $145.77. The company has a market capitalization of $12.72 billion, a P/E ratio of 93.76 and a beta of 2.33. Vicor Corporation has a 1-year low of $40.27 and a 1-year high of $293.95.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. As a group, sell-side analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $269.07, for a total transaction of $826,852.11. Following the sale, the vice president owned 1,920 shares of the company's stock, valued at approximately $516,614.40. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrizio Vinciarelli sold 4,000 shares of the business's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00. Following the transaction, the chief executive officer owned 167,125 shares of the company's stock, valued at approximately $45,640,166.25. This represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 705,598 shares of company stock valued at $132,783,202 in the last ninety days. Insiders own 31.30% of the company's stock.

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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