Louisiana State Employees Retirement System Reduces Stake in Vicor Co. (NASDAQ:VICR)

Louisiana State Employees Retirement System reduced its position in Vicor Co. (NASDAQ:VICR) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,100 shares of the electronics maker’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Vicor were worth $467,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VICR. Headlands Technologies LLC increased its stake in Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares in the last quarter. GAMMA Investing LLC increased its stake in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank purchased a new position in Vicor during the third quarter worth $42,000. Point72 DIFC Ltd increased its position in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares in the last quarter. Finally, CWM LLC increased its position in Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after buying an additional 1,584 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the sale, the vice president now owns 15,763 shares of the company’s stock, valued at $564,788.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.00% of the company’s stock.

Vicor Stock Up 12.0 %

Shares of NASDAQ:VICR opened at $52.54 on Wednesday. The company has a market cap of $2.37 billion, a P/E ratio of 109.46 and a beta of 1.48. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $52.87. The business has a fifty day simple moving average of $40.83 and a 200-day simple moving average of $37.25.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share.

Analyst Ratings Changes

Several research firms have weighed in on VICR. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum raised their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

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.