Louisiana State Employees Retirement System Makes New Investment in Vicor Co. (NASDAQ:VICR)

Louisiana State Employees Retirement System acquired a new stake in shares of Vicor Co. (NASDAQ:VICR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,300 shares of the electronics maker’s stock, valued at approximately $508,000.

Several other large investors have also made changes to their positions in VICR. Byrne Asset Management LLC acquired a new position in Vicor during the fourth quarter valued at $35,000. Acadian Asset Management LLC lifted its holdings in shares of Vicor by 30.0% in the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after buying an additional 706 shares during the period. Federated Hermes Inc. boosted its stake in shares of Vicor by 913.5% in the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock worth $204,000 after buying an additional 3,115 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Vicor during the third quarter worth about $232,000. Finally, Private Advisor Group LLC purchased a new position in Vicor during the third quarter valued at approximately $252,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Price Performance

Vicor stock opened at $34.30 on Tuesday. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $98.38. The stock has a market capitalization of $1.53 billion, a PE ratio of 34.30 and a beta of 1.53. The business has a 50 day simple moving average of $37.14 and a 200-day simple moving average of $39.69.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 8.48% and a net margin of 11.49%. The company had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue was down 14.3% on a year-over-year basis.

Wall Street Analyst Weigh In

Several research firms have commented on VICR. StockNews.com lowered Vicor from a “hold” rating to a “sell” rating in a research report on Sunday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, April 24th. Finally, Craig Hallum cut their price objective on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 24th.

Insider Activity at Vicor

In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Gendron sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,999 shares of company stock valued at $184,990. 31.30% of the stock is owned by corporate insiders.

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.