New York State Teachers Retirement System Boosts Stake in Vicor Co. (NASDAQ:VICR)

New York State Teachers Retirement System lifted its stake in Vicor Co. (NASDAQ:VICR) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,575 shares of the electronics maker’s stock after purchasing an additional 1,236 shares during the period. New York State Teachers Retirement System’s holdings in Vicor were worth $1,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Vicor by 77.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 817 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 356 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Vicor by 51.8% in the 3rd quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Vicor by 51.9% in the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 339 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Vicor by 109.3% in the 1st quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after purchasing an additional 469 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Vicor by 132.4% in the 1st quarter. Covestor Ltd now owns 960 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 547 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vicor

In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock valued at $184,990 over the last ninety days. 31.30% of the stock is currently owned by company insiders.

Vicor Stock Down 2.6 %

NASDAQ:VICR opened at $34.40 on Wednesday. The business’s 50-day simple moving average is $38.84 and its two-hundred day simple moving average is $41.15. The stock has a market cap of $1.53 billion, a PE ratio of 28.91 and a beta of 1.53. Vicor Co. has a 52 week low of $34.08 and a 52 week high of $98.38.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 22nd. The electronics maker reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). The business had revenue of $92.70 million for the quarter, compared to the consensus estimate of $107.07 million. Vicor had a net margin of 13.23% and a return on equity of 10.45%. Vicor’s revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com lowered Vicor from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Craig Hallum cut Vicor from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Friday, February 23rd.

Vicor Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.