4,700 Shares in Vicor Corporation $VICR Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new stake in Vicor Corporation (NASDAQ:VICRFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,700 shares of the electronics maker’s stock, valued at approximately $1,785,000.

Several other hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter worth about $27,000. Harbour Investments Inc. bought a new position in shares of Vicor during the 4th quarter worth approximately $32,000. Allworth Financial LP boosted its stake in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vicor in the fourth quarter valued at $36,000. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

Vicor stock opened at $187.75 on Monday. The firm has a market cap of $8.66 billion, a P/E ratio of 60.18 and a beta of 2.37. The business’s fifty day moving average is $246.94 and its two-hundred day moving average is $235.11. Vicor Corporation has a 52 week low of $47.56 and a 52 week high of $382.65.

Vicor (NASDAQ:VICRGet Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same period last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 49.3% compared to the same quarter last year. On average, equities research analysts predict that Vicor Corporation will post 3.12 earnings per share for the current year.

Insider Activity at Vicor

In other Vicor news, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $319.53, for a total value of $105,764.43. Following the completion of the sale, the director owned 200 shares in the company, valued at approximately $63,906. This trade represents a 62.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 277,693 shares of company stock worth $89,452,976 in the last quarter. Insiders own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VICR shares. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Needham & Company LLC dropped their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Roth Capital boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $381.67.

Check Out Our Latest Report on Vicor

Vicor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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