9,408 Shares in Vicor Corporation $VICR Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Vicor Corporation (NASDAQ:VICR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 9,408 shares of the electronics maker’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Vicor by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock worth $207,994,000 after acquiring an additional 598,896 shares during the last quarter. Millennium Management LLC lifted its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Ashford Capital Management Inc. lifted its holdings in Vicor by 885.7% in the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock valued at $11,136,000 after purchasing an additional 213,895 shares in the last quarter. Nuveen LLC acquired a new stake in Vicor during the 1st quarter worth $8,024,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Vicor by 29.0% during the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker’s stock worth $16,654,000 after buying an additional 80,105 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ VICR opened at $92.39 on Tuesday. The company has a market capitalization of $4.15 billion, a P/E ratio of 50.49 and a beta of 1.81. The company has a 50 day simple moving average of $63.02 and a 200-day simple moving average of $51.79. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $96.58.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Insider Buying and Selling at Vicor

In other Vicor news, VP Philip D. Davies sold 15,763 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $92.07, for a total transaction of $1,451,299.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sean Crilly sold 12,000 shares of Vicor stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $89.61, for a total transaction of $1,075,320.00. Following the sale, the vice president owned 15,532 shares of the company’s stock, valued at approximately $1,391,822.52. This represents a 43.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 137,331 shares of company stock worth $12,265,174. Insiders own 31.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Vicor Company 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.