New York State Common Retirement Fund Grows Stake in Vicor Co. (NASDAQ:VICR)

New York State Common Retirement Fund lifted its holdings in Vicor Co. (NASDAQ:VICR) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 213,456 shares of the electronics maker’s stock after buying an additional 600 shares during the period. New York State Common Retirement Fund’s holdings in Vicor were worth $10,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its stake in Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after buying an additional 690 shares during the last quarter. Invesco LLC acquired a new position in shares of Vicor during the third quarter valued at about $205,000. Truist Financial Corp purchased a new position in shares of Vicor in the 4th quarter valued at approximately $213,000. Savant Capital LLC acquired a new stake in Vicor in the 4th quarter worth approximately $223,000. Finally, Intech Investment Management LLC purchased a new stake in Vicor during the 3rd quarter worth approximately $230,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on VICR shares. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, StockNews.com raised Vicor from a “hold” rating to a “buy” rating in a report on Monday.

Vicor Price Performance

VICR stock opened at $60.35 on Tuesday. The company has a market capitalization of $2.72 billion, a P/E ratio of 116.06 and a beta of 1.51. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $65.50. The firm’s fifty day simple moving average is $50.86 and its 200-day simple moving average is $46.92.

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

Insider Buying and Selling

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the transaction, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew D’amico sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $786,900 over the last ninety days. Company insiders own 31.00% of the company’s stock.

Vicor 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.