Headlands Technologies LLC Grows Position in Vicor Co. (NASDAQ:VICR)

Headlands Technologies LLC increased its position in Vicor Co. (NASDAQ:VICR) by 98.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,147 shares of the electronics maker’s stock after purchasing an additional 570 shares during the period. Headlands Technologies LLC’s holdings in Vicor were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VICR. PNC Financial Services Group Inc. boosted its position 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 purchasing an additional 303 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Vicor by 10.5% in the second quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after acquiring an additional 808 shares during the last quarter. Seven Eight Capital LP increased its holdings in shares of Vicor by 8.0% during the fourth quarter. Seven Eight Capital LP now owns 12,387 shares of the electronics maker’s stock valued at $557,000 after acquiring an additional 914 shares in the last quarter. Truist Financial Corp increased its holdings 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 acquiring an additional 1,315 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Vicor by 7.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,941 shares of the electronics maker’s stock worth $723,000 after purchasing an additional 1,392 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Insider Buying and Selling at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total value of $841,790.02. Following the transaction, the vice president now owns 15,763 shares of the company’s stock, valued at $564,788.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.30% of the company’s stock.

Analysts Set New Price Targets

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

Vicor Stock Up 0.4 %

VICR opened at $36.89 on Wednesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 36.89 and a beta of 1.50. The firm has a 50 day moving average price of $37.36 and a 200-day moving average price of $35.82. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $60.43.

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

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.