New Mexico Educational Retirement Board Makes New $1.78 Million Investment in Vicor Corporation $VICR

New Mexico Educational Retirement Board bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,700 shares of the electronics maker’s stock, valued at approximately $1,785,000.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter worth approximately $27,000. Harbour Investments Inc. acquired a new position in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the period. SBI Securities Co. Ltd. boosted its stake in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Vicor during the 4th quarter worth $36,000. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total value of $6,591,400.00. Following the completion of the sale, the chief executive officer owned 8,528,090 shares in the company, valued at $2,810,602,621.30. This represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 277,693 shares of company stock worth $89,452,976 over the last quarter. Company insiders own 28.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on VICR shares. Craig Hallum upped their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Needham & Company LLC dropped their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Vicor Price Performance

Vicor stock opened at $187.75 on Monday. The company’s 50 day simple moving average is $246.94 and its 200 day simple moving average is $235.11. Vicor Corporation has a fifty-two week low of $47.56 and a fifty-two week high of $382.65. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 60.18 and a beta of 2.37.

Vicor (NASDAQ:VICR) last issued 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. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. As a group, analysts predict that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Vicor Company 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.