Louisiana State Employees Retirement System Makes New $1.06 Million Investment in Vicor Corporation $VICR

Louisiana State Employees Retirement System purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR) in the first quarter, HoldingsChannel reports. The firm purchased 6,600 shares of the electronics maker’s stock, valued at approximately $1,063,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Vicor in the 3rd quarter valued at approximately $352,000. Intech Investment Management LLC lifted its stake in Vicor by 36.6% during the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after purchasing an additional 7,985 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Vicor during the fourth quarter worth $1,537,000. Convergence Investment Partners LLC purchased a new position in shares of Vicor during the fourth quarter worth $1,631,000. Finally, Chicago Capital LLC acquired a new stake in shares of Vicor in the fourth quarter valued at $771,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO James F. Schmidt sold 1,000 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total value of $331,680.00. Following the completion of the sale, the chief financial officer owned 1,000 shares in the company, valued at $331,680. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $375.04, for a total transaction of $7,500,800.00. Following the sale, the chief executive officer owned 8,388,090 shares of the company’s stock, valued at approximately $3,145,869,273.60. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 503,630 shares of company stock valued at $142,197,891. 28.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VICR has been the topic of several research analyst reports. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Craig Hallum lifted their target price on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Roth Mkm boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC increased their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $408.33.

Vicor Price Performance

NASDAQ:VICR opened at $282.95 on Friday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $382.65. The firm has a market capitalization of $12.90 billion, a PE ratio of 94.63 and a beta of 2.33. The business’s fifty day moving average price is $300.36 and its 200 day moving average price is $209.43.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. As a group, equities analysts anticipate that Vicor Corporation will post 2.94 EPS 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.