Headlands Technologies LLC Purchases Shares of 2,901 Vicor Co. (NASDAQ:VICR)

Headlands Technologies LLC acquired a new position in shares of Vicor Co. (NASDAQ:VICR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,901 shares of the electronics maker’s stock, valued at approximately $140,000.

Several other hedge funds have also modified their holdings of VICR. Point72 Asia Singapore Pte. Ltd. increased its position in Vicor by 146.2% during the third 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 during the last quarter. Truist Financial Corp purchased a new stake in shares of Vicor during the 4th quarter valued at $213,000. Net Worth Advisory Group acquired a new stake in shares of Vicor during the 4th quarter worth $218,000. Savant Capital LLC purchased a new position in shares of Vicor in the 4th quarter worth $223,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Vicor in the fourth quarter valued at $227,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Quentin A. Fendelet sold 440 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D’amico sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. 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. Company insiders own 31.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICR. StockNews.com lowered Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Vicor Price Performance

NASDAQ:VICR opened at $42.09 on Friday. The business’s 50-day moving average is $52.78 and its two-hundred day moving average is $50.46. The firm has a market capitalization of $1.90 billion, a PE ratio of 80.94 and a beta of 1.45. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $65.70.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

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.