New York State Teachers Retirement System Has $3.69 Million Stake in Vicor Corporation $VICR

New York State Teachers Retirement System lowered its position in Vicor Corporation (NASDAQ:VICR) by 33.4% in the first quarter, HoldingsChannel.com reports. The fund owned 22,936 shares of the electronics maker’s stock after selling 11,514 shares during the quarter. New York State Teachers Retirement System’s holdings in Vicor were worth $3,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in Vicor in the 3rd quarter valued at $352,000. Range Financial Group LLC bought a new stake in shares of Vicor during the fourth quarter worth $1,537,000. Convergence Investment Partners LLC acquired a new stake in shares of Vicor in the fourth quarter valued at $1,631,000. Chicago Capital LLC acquired a new stake in shares of Vicor in the fourth quarter valued at $771,000. Finally, Andar Capital Management HK Ltd bought a new position in shares of Vicor in the fourth quarter valued at about $3,507,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VICR. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Craig Hallum boosted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Roth Capital upped 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. Finally, Needham & Company LLC increased their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.33.

Insiders Place Their Bets

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. The trade was a 0.56% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 502,460 shares of company stock worth $145,214,062. 28.30% of the stock is owned by company insiders.

Vicor Trading Up 5.4%

NASDAQ:VICR opened at $277.43 on Friday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 92.79 and a beta of 2.33. The business’s 50-day moving average price is $301.00 and its two-hundred day moving average price is $215.09.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Sell-side analysts predict that Vicor Corporation will post 2.94 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.