Texas Permanent School Fund Corp Sells 2,860 Shares of Vicor Co. (NASDAQ:VICR)

Texas Permanent School Fund Corp lowered its stake in shares of Vicor Co. (NASDAQ:VICR) by 14.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,891 shares of the electronics maker’s stock after selling 2,860 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Vicor were worth $560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Vicor by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after buying an additional 285,699 shares during the period. Kennedy Capital Management LLC lifted its position in Vicor by 178.7% during the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock worth $6,916,000 after acquiring an additional 115,966 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Vicor by 114.8% during the first quarter. Pinnacle Associates Ltd. now owns 159,755 shares of the electronics maker’s stock valued at $6,109,000 after acquiring an additional 85,390 shares during the period. GSA Capital Partners LLP grew its position in shares of Vicor by 130.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,775 shares of the electronics maker’s stock valued at $2,372,000 after purchasing an additional 29,921 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Vicor in the fourth quarter worth about $1,219,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at $564,788.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 31.30% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, July 24th.

Vicor Trading Down 1.6 %

Shares of VICR stock opened at $37.04 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 37.04 and a beta of 1.50. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $60.38. The firm’s fifty day simple moving average is $37.49 and its 200 day simple moving average is $35.82.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vicor had a return on equity of 4.98% and a net margin of 7.20%. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $81.77 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was down 19.5% compared to the same quarter last year.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.