VIRGINIA RETIREMENT SYSTEMS ET Al Takes $324,000 Position in Vicor Corporation $VICR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Vicor Corporation (NASDAQ:VICR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,960 shares of the electronics maker’s stock, valued at approximately $324,000.

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

Vicor Stock Performance

Shares of NASDAQ VICR opened at $243.43 on Wednesday. The stock has a market cap of $11.10 billion, a P/E ratio of 81.41 and a beta of 2.33. The firm has a 50 day moving average price of $212.46 and a 200 day moving average price of $158.22. Vicor Corporation has a 52-week low of $40.54 and a 52-week high of $316.82.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the completion of the transaction, the chief executive officer owned 9,608,163 shares in the company, valued at approximately $1,936,429,171.02. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 748,666 shares of company stock worth $145,530,238 in the last ninety days. 31.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

About Vicor

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.