Louisiana State Employees Retirement System Acquires Shares of 6,600 Vicor Corporation $VICR

Louisiana State Employees Retirement System bought a new position in shares of Vicor Corporation (NASDAQ:VICR) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,600 shares of the electronics maker’s stock, valued at approximately $1,063,000.

A number of other large investors have also modified their holdings of the business. Blue Trust Inc. raised its position in shares of Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares during the last quarter. TrueMark Investments LLC acquired a new position in Vicor during the first quarter worth about $725,000. Certified Advisory Corp acquired a new position in Vicor during the first quarter worth about $291,000. SG Americas Securities LLC grew its stake in Vicor by 215.7% during the 1st quarter. SG Americas Securities LLC now owns 31,268 shares of the electronics maker’s stock valued at $5,034,000 after acquiring an additional 21,364 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Vicor by 17.1% during the 1st quarter. Diversified Trust Co now owns 4,879 shares of the electronics maker’s stock valued at $786,000 after acquiring an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

Vicor stock 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 stock has a market cap of $12.90 billion, a P/E ratio of 94.63 and a beta of 2.33. The company has a 50-day moving average price of $300.36 and a 200 day moving average price of $209.43.

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

Wall Street Analyst Weigh In

A number of research firms have commented on VICR. Craig Hallum increased their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Mkm boosted their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Needham & Company LLC lifted their price objective on 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 issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vicor has an average rating of “Buy” and a consensus target price of $408.33.

Insider Activity

In related news, Director Andrew D’amico sold 331 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the transaction, the director directly owned 200 shares in the company, valued at approximately $63,906. This represents a 62.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James F. Schmidt sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $331.68, for a total value of $331,680.00. Following the completion of the transaction, the chief financial officer owned 1,000 shares of the company’s stock, valued at $331,680. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 503,630 shares of company stock valued at $142,197,891. 28.30% of the stock is currently owned by company insiders.

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.