California State Teachers Retirement System Increases Holdings in Vicor Corporation $VICR

California State Teachers Retirement System increased its position in Vicor Corporation (NASDAQ:VICR) by 38,392.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,377,868 shares of the electronics maker’s stock after buying an additional 10,350,907 shares during the quarter. California State Teachers Retirement System owned 0.23% of Vicor worth $3,941,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carolina Wealth Advisors LLC raised its stake in shares of Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares in the last quarter. Elevation Wealth Partners LLC bought a new position in shares of Vicor during the 2nd quarter valued at $76,000. Federated Hermes Inc. bought a new position in shares of Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. raised its position in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the period. Finally, ROSS JOHNSON & Associates LLC raised its position in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the stock in a transaction that occurred on 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 owned 1,920 shares in the company, valued at approximately $341,184. This trade represents a 61.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director owned 908 shares in the company, 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 have sold 177,536 shares of company stock valued at $59,194,338 over the last ninety days. 28.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on VICR. Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Needham & Company LLC dropped their target price on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Roth Capital raised their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $381.67.

Vicor Stock Down 3.2%

Shares of VICR opened at $178.05 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 57.07 and a beta of 2.35. Vicor Corporation has a twelve month low of $47.56 and a twelve month high of $382.65. The firm has a fifty day simple moving average of $218.82 and a two-hundred day simple moving average of $236.70.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million for 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%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. Sell-side analysts expect that Vicor Corporation will post 3.28 EPS for the current fiscal year.

Vicor Company Profile

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.