2,948 Shares in Vicor Co. (NASDAQ:VICR) Bought by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC purchased a new stake in shares of Vicor Co. (NASDAQ:VICR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,948 shares of the electronics maker’s stock, valued at approximately $98,000.

Several other hedge funds have also recently added to or reduced their stakes in VICR. Headlands Technologies LLC raised its holdings in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after buying an additional 570 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 37.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after acquiring an additional 303 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vicor in the 2nd quarter valued at $115,000. Truist Financial Corp grew its holdings in shares of Vicor by 35.7% during the 4th quarter. Truist Financial Corp now owns 5,000 shares of the electronics maker’s stock valued at $225,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Vicor in the 1st quarter worth $227,000. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Up 0.2 %

Shares of VICR opened at $36.76 on Monday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 36.76 and a beta of 1.50. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.33. The firm has a fifty day simple moving average of $37.22 and a two-hundred day simple moving average of $35.83.

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

Insiders Place Their Bets

In related news, VP Philip D. Davies sold 23,494 shares of the company’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 transaction of $841,790.02. Following the completion of the transaction, the vice president now owns 15,763 shares in the company, valued at $564,788.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 31.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, July 24th.

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.