Dimensional Fund Advisors LP Sells 63,200 Shares of Vicor Corporation $VICR

Dimensional Fund Advisors LP trimmed its position in shares of Vicor Corporation (NASDAQ:VICR) by 11.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 493,670 shares of the electronics maker’s stock after selling 63,200 shares during the period. Dimensional Fund Advisors LP’s holdings in Vicor were worth $79,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Vicor by 1.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after buying an additional 68 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after buying an additional 74 shares in the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after buying an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Price Performance

Shares of VICR opened at $206.67 on Friday. Vicor Corporation has a one year low of $41.76 and a one year high of $382.65. The firm has a market capitalization of $9.42 billion, a P/E ratio of 66.24 and a beta of 2.33. The business has a fifty day moving average of $287.33 and a 200 day moving average of $226.44.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. Vicor’s revenue was up 49.3% on a year-over-year basis. Analysts expect that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the transaction, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew D’amico sold 331 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the completion of the transaction, the director directly owned 200 shares in the company, valued at approximately $63,906. The trade was a 62.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 364,533 shares of company stock valued at $116,351,096. 28.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VICR shares. Roth Capital boosted their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC cut their target price on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $381.67.

About Vicor

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.