7,601 Shares in Vicor Corporation $VICR Bought by Public Employees Retirement System of Ohio

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of Vicor during the fourth quarter valued at about $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP grew its stake in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the period. SBI Securities Co. Ltd. increased its position in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vicor in the 4th quarter valued at about $36,000. 47.45% of the stock is owned by institutional investors.

Insider Activity at Vicor

In other news, VP Philip D. Davies sold 3,073 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at $341,184. This represents a 61.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction dated 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 owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 238,266 shares of company stock valued at $76,514,148. 28.30% of the stock is owned by insiders.

Vicor Stock Performance

Shares of VICR opened at $188.55 on Friday. The stock has a 50 day moving average price of $231.54 and a two-hundred day moving average price of $235.38. The firm has a market capitalization of $8.69 billion, a P/E ratio of 60.43 and a beta of 2.35. Vicor Corporation has a 52 week low of $47.56 and a 52 week high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. On average, equities analysts forecast that Vicor Corporation will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Craig Hallum increased their price target on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Roth Capital upped their target price on 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 Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Needham & Company LLC reduced their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

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.