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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC increased its stake in shares of Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Vicor by 37.5% during the fourth 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Vicor in the second quarter worth about $115,000. Truist Financial Corp increased its stake in shares of Vicor by 35.7% during the fourth 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 in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Vicor during the first quarter valued at approximately $227,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VICR. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, July 24th.

Insider Buying and Selling

In related 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 transaction of $841,790.02. Following the completion of the transaction, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 31.30% of the stock is currently owned by insiders.

Vicor Stock Performance

Shares of Vicor stock opened at $36.76 on Monday. The company has a 50-day simple moving average of $37.22 and a two-hundred day simple moving average of $35.83. The stock has a market capitalization of $1.66 billion, a PE ratio of 36.76 and a beta of 1.50. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $61.33.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data 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). The firm had revenue of $85.90 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

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.