VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Vicor Corporation $VICR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Vicor Corporation (NASDAQ:VICRFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,460 shares of the electronics maker’s stock, valued at approximately $1,694,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. purchased a new position in Vicor during the 4th quarter valued at about $27,000. Harbour Investments Inc. purchased a new stake in shares of Vicor in the fourth quarter valued at about $32,000. Allworth Financial LP grew its position in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC increased its stake in shares of Vicor by 969.4% during the 4th quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 349 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Vicor News

Here are the key news stories impacting Vicor this week:

  • Positive Sentiment: Vicor agreed to purchase a 334,000-square-foot building on 66 acres in Merrimack, New Hampshire, plus 54 acres in Hooksett. The properties will support new ChiP™ Fab-2 and Fab-3 facilities with a combined footprint of nearly one million square feet. Vicor acquires sites for additional ChiP fabs
  • Positive Sentiment: The expansion is intended to address strong AI-related demand from original-equipment manufacturers and hyperscalers. Vicor said its existing 320,000-square-foot ChiP Fab-1 is approaching capacity, while Fab-2 could begin initial deployment in about one year. Vicor Stock Climbs with Backlog Up 145%, More Capacity Coming
  • Positive Sentiment: Reports highlighted a 145% increase in Vicor’s backlog, reinforcing expectations that additional U.S. capacity could help the company serve customers seeking reliable, domestically sourced power solutions for advanced computing. Vicor soars on bullish demand sentiment
  • Neutral Sentiment: Vicor also amended its bylaws to clarify procedures for removing directors. The governance change does not appear to be a major operating or earnings catalyst. Vicor updates bylaws to clarify director removal
  • Negative Sentiment: Building the new fabs and purchasing the properties will require substantial capital and execution, creating potential pressure on cash flow before the capacity generates revenue. In addition, reported insider activity shows extensive selling and no purchases over the past six months, a cautionary signal for investors.

Vicor Price Performance

NASDAQ:VICR opened at $197.91 on Friday. The firm has a market cap of $9.13 billion, a PE ratio of 63.43 and a beta of 2.35. The firm has a 50 day simple moving average of $217.12 and a 200-day simple moving average of $236.43. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65.

Vicor (NASDAQ:VICRGet Free Report) last released its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. Vicor’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. As a group, sell-side analysts expect that Vicor Corporation will post 3.28 earnings per share for the current fiscal year.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 700 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president directly owned 1,920 shares in the company, valued at approximately $341,184. The trade was a 61.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,536 shares of company stock worth $59,194,338 over the last quarter. 28.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Craig Hallum raised their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC cut their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Finally, Roth Capital upped their price objective on 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $381.67.

Check Out Our Latest Stock Report on VICR

Vicor Profile

(Free Report)

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.

See Also

Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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