12,138 Shares in Vicor Co. (NASDAQ:VICR) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new position in shares of Vicor Co. (NASDAQ:VICR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,138 shares of the electronics maker’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares during the period. Truist Financial Corp acquired a new position in shares of Vicor in the 4th quarter valued at about $213,000. Savant Capital LLC acquired a new position in shares of Vicor in the 4th quarter valued at about $223,000. Intech Investment Management LLC acquired a new position in shares of Vicor in the 3rd quarter valued at about $230,000. Finally, West Tower Group LLC acquired a new position in shares of Vicor in the 3rd quarter valued at about $295,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Down 4.3 %

NASDAQ VICR opened at $60.62 on Tuesday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 116.58 and a beta of 1.51. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $65.70. The stock has a 50-day moving average of $52.13 and a 200 day moving average of $47.97.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million.

Wall Street Analysts Forecast Growth

VICR has been the subject of several analyst reports. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. StockNews.com cut Vicor from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Tuesday, February 18th.

Insiders Place Their Bets

In other Vicor news, Director Andrew D’amico sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the sale, the vice president now owns 34,622 shares of the company’s stock, valued at approximately $2,111,942. This trade represents a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,202 shares of company stock worth $792,737. Corporate insiders own 31.00% of the company’s stock.

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.