Vicor Co. (NASDAQ:VICR) Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Vicor Co. (NASDAQ:VICR) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,070 shares of the electronics maker’s stock after selling 1,305 shares during the period. New York State Teachers Retirement System owned 0.08% of Vicor worth $1,840,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new position in shares of Vicor in the 3rd quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares in the last quarter. CWM LLC raised its stake in shares of Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after purchasing an additional 1,584 shares in the last quarter. Invesco LLC acquired a new position in Vicor in the third quarter worth approximately $205,000. Finally, Savant Capital LLC bought a new stake in Vicor in the fourth quarter worth approximately $223,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insiders Place Their Bets

In other news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,000 shares of company stock valued at $786,900. Insiders own 31.00% of the company’s stock.

Vicor Stock Performance

NASDAQ:VICR opened at $63.67 on Friday. The firm’s 50-day moving average is $50.86 and its 200-day moving average is $46.78. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $65.50. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 122.44 and a beta of 1.51.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Vicor Profile

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.