Vicor Corporation $VICR Stock Position Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in shares of Vicor Corporation (NASDAQ:VICR) by 13.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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 owned approximately 0.20% of Vicor worth $4,441,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its stake in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after acquiring an additional 563 shares in the last quarter. Millennium Management LLC increased its stake in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Down 1.8%

Shares of NASDAQ VICR opened at $152.84 on Friday. The stock’s fifty day simple moving average is $138.46 and its 200 day simple moving average is $91.60. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 83.52 and a beta of 1.90. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $177.00.

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

Insider Activity at Vicor

In other Vicor news, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer owned 875 shares in the company, valued at $96,250. This represents a 85.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. The trade was a 0.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 126,735 shares of company stock valued at $13,607,975. Company insiders own 31.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VICR. Zacks Research upgraded Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.33.

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.