Public Sector Pension Investment Board Buys 10,532 Shares of Vicor Corporation $VICR

Public Sector Pension Investment Board increased its stake in shares of Vicor Corporation (NASDAQ:VICR) by 13.4% during the third quarter, HoldingsChannel.com reports. The fund owned 89,312 shares of the electronics maker’s stock after purchasing an additional 10,532 shares during the period. Public Sector Pension Investment Board’s holdings in Vicor were worth $4,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. Strs Ohio acquired a new stake in shares of Vicor in the first quarter worth $56,000. Tower Research Capital LLC TRC boosted its holdings in shares of Vicor by 993.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after buying an additional 3,436 shares during the period. Creative Planning bought a new stake in shares of Vicor during the 2nd quarter worth $235,000. Finally, Quantbot Technologies LP acquired a new position in Vicor in the 2nd quarter valued at $251,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Vicor presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.33.

Vicor Stock Performance

Shares of VICR opened at $152.84 on Friday. The company has a 50-day simple moving average of $138.46 and a 200-day simple moving average of $91.60. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $177.00. The firm has a market capitalization of $6.82 billion, a P/E ratio of 83.52 and a beta of 1.90.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The business had revenue of $107.26 million for the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share.

Insider Activity

In other news, Director Andrew D’amico sold 200 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $155.00, for a total value of $31,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the transaction, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at $1,110,225,520.68. The trade was a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 126,735 shares of company stock worth $13,607,975. Company insiders own 31.30% of the company’s stock.

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.