California State Teachers Retirement System Has $4.34 Million Stock Position in Vicor Corporation $VICR

California State Teachers Retirement System lifted its position in shares of Vicor Corporation (NASDAQ:VICR) by 21.6% in the first quarter, HoldingsChannel reports. The fund owned 26,961 shares of the electronics maker’s stock after buying an additional 4,787 shares during the period. California State Teachers Retirement System’s holdings in Vicor were worth $4,341,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VICR. Vanguard Group Inc. lifted its stake in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the period. The Manufacturers Life Insurance Company boosted its position in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after acquiring an additional 171,175 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after buying an additional 162,186 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 1.1%

Shares of VICR stock opened at $221.20 on Friday. The stock has a market capitalization of $10.08 billion, a P/E ratio of 70.90 and a beta of 2.37. Vicor Corporation has a 12 month low of $45.44 and a 12 month high of $382.65. The firm’s 50 day moving average is $275.62 and its 200 day moving average is $228.97.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, equities analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Craig Hallum increased their price target on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Needham & Company LLC lowered their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Insider Buying and Selling at Vicor

In other news, VP Philip D. Davies sold 3,072 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $406,444.80. This trade represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew D’amico sold 331 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the completion of the transaction, the director directly owned 200 shares in the company, valued at $63,906. This trade represents a 62.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 345,347 shares of company stock worth $111,184,564 over the last 90 days. Corporate insiders own 28.30% of the company’s stock.

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.