Illinois Municipal Retirement Fund Makes New $587,000 Investment in Vicor Co. (NASDAQ:VICR)

Illinois Municipal Retirement Fund acquired a new position in Vicor Co. (NASDAQ:VICR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,138 shares of the electronics maker's stock, valued at approximately $587,000.

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

Analyst Ratings Changes

Several research firms have weighed in on VICR. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th.

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Insiders Place Their Bets

In other Vicor news, VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Quentin A. Fendelet sold 440 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The disclosure for this sale can be found here. Insiders have sold 13,642 shares of company stock worth $819,890 over the last 90 days. Corporate insiders own 31.00% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ VICR traded up $0.38 during trading hours on Friday, hitting $59.55. The stock had a trading volume of 216,969 shares, compared to its average volume of 281,379. The company has a market capitalization of $2.69 billion, a P/E ratio of 114.52 and a beta of 1.51. Vicor Co. has a 52 week low of $30.90 and a 52 week high of $65.70. The firm's 50-day moving average price is $52.62 and its two-hundred day moving average price is $48.29.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The firm had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million.

About Vicor

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.