Public Sector Pension Investment Board Acquires 2,980 Shares of Vicor Co. (NASDAQ:VICR)

Public Sector Pension Investment Board grew its position in shares of Vicor Co. (NASDAQ:VICR) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,811 shares of the electronics maker’s stock after purchasing an additional 2,980 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.11% of Vicor worth $1,652,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Vicor by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock valued at $95,438,000 after purchasing an additional 18,331 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Vicor by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock valued at $18,012,000 after purchasing an additional 66,775 shares in the last quarter. AWM Investment Company Inc. boosted its stake in shares of Vicor by 2.3% during the first quarter. AWM Investment Company Inc. now owns 224,457 shares of the electronics maker’s stock valued at $8,583,000 after purchasing an additional 5,021 shares in the last quarter. Herald Investment Management Ltd boosted its stake in shares of Vicor by 11.1% during the second quarter. Herald Investment Management Ltd now owns 200,000 shares of the electronics maker’s stock valued at $6,616,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of Vicor by 178.7% during the first quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock valued at $6,916,000 after purchasing an additional 115,966 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, July 24th.

Insider Buying and Selling at Vicor

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at $564,788.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 31.30% of the company’s stock.

Vicor Price Performance

Vicor stock opened at $42.10 on Tuesday. The stock’s 50 day moving average is $37.84 and its 200 day moving average is $35.97. The firm has a market cap of $1.88 billion, a P/E ratio of 42.10 and a beta of 1.50. Vicor Co. has a one year low of $30.90 and a one year high of $60.38.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The company had revenue of $85.90 million during the quarter, compared to analyst estimates of $81.77 million. Vicor had a return on equity of 4.98% and a net margin of 7.20%. Vicor’s revenue was down 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share.

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.