Vicor Corporation $VICR Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Vicor stake by 21.6% in the first quarter, reaching 26,961 shares valued at approximately $4.34 million. Institutional investors and hedge funds collectively own 47.45% of the company.
• Vicor insiders sold $111.2 million worth of stock over the past three months, including sales by Vice President Philip Davies and CEO Patrizio Vinciarelli.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $381.67. Vicor recently exceeded quarterly EPS and revenue estimates, reporting $1.04 EPS and $143.35 million in revenue, with revenue up 49.3% year over year.

California State Teachers Retirement System grew its position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 21.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,961 shares of the electronics maker's stock after purchasing an additional 4,787 shares during the period. California State Teachers Retirement System owned approximately 0.06% of Vicor worth $4,341,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VICR. Empowered Funds LLC boosted its holdings in Vicor by 6,794.9% in the first quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker's stock valued at $8,226,000 after purchasing an additional 50,350 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Vicor by 9.4% during the 1st quarter. Quantinno Capital Management LP now owns 5,155 shares of the electronics maker's stock valued at $830,000 after buying an additional 444 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Vicor during the first quarter worth approximately $4,588,000. Finally, Entropy Technologies LP acquired a new stake in shares of Vicor during the first quarter worth approximately $1,003,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Philip D. Davies sold 3,072 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $406,444.80. The trade was a 61.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the sale, the chief executive officer directly owned 8,347,390 shares of the company's stock, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 345,347 shares of company stock worth $111,184,564 in the last three months. 28.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on VICR. Roth Capital increased their price objective 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. Zacks Research lowered shares of Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Needham & Company LLC decreased their price target on Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Finally, Weiss Ratings lowered Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $381.67.

Vicor Stock Performance

Vicor stock opened at $221.20 on Friday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 70.90 and a beta of 2.37. Vicor Corporation has a 1 year low of $45.44 and a 1 year high of $382.65. The firm's 50 day moving average price is $275.62 and its two-hundred day moving average price is $228.97.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $138.37 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business's quarterly revenue was up 49.3% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Vicor Company 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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