Strs Ohio grew its holdings in Vicor Co. (NASDAQ:VICR – Get Rating) by 85.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,500 shares of the electronics maker's stock after acquiring an additional 12,200 shares during the quarter. Strs Ohio owned 0.06% of Vicor worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in Vicor in the second quarter worth $48,000. Captrust Financial Advisors lifted its position in Vicor by 109.3% in the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker's stock worth $63,000 after purchasing an additional 469 shares during the period. Covestor Ltd lifted its position in Vicor by 132.4% in the first quarter. Covestor Ltd now owns 960 shares of the electronics maker's stock worth $68,000 after purchasing an additional 547 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Vicor by 28.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,372 shares of the electronics maker's stock worth $81,000 after purchasing an additional 303 shares during the period. Finally, Xponance Inc. acquired a new position in Vicor during the third quarter worth $204,000. 41.50% of the stock is owned by institutional investors.
Get Vicor alerts:Vicor Stock Up 0.8 %
Shares of VICR stock opened at $57.65 on Thursday. The stock has a 50-day moving average price of $53.38 and a 200 day moving average price of $58.98. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 78.97 and a beta of 1.04. Vicor Co. has a 12 month low of $42.90 and a 12 month high of $118.63.
Vicor (NASDAQ:VICR – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The electronics maker reported $0.18 EPS for the quarter. The firm had revenue of $103.12 million during the quarter. Vicor had a return on equity of 7.43% and a net margin of 8.48%.Analyst Ratings Changes
VICR has been the subject of several recent analyst reports. StockNews.com upgraded Vicor from a "sell" rating to a "hold" rating in a research note on Tuesday, November 22nd. CJS Securities upgraded Vicor from a "market perform" rating to an "outperform" rating and set a $63.00 price objective for the company in a research note on Wednesday, October 26th. Needham & Company LLC lowered their target price on Vicor from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, October 11th. Finally, Craig Hallum lowered their target price on Vicor from $100.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.00.
Vicor Company Profile
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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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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