GAMMA Investing LLC Buys 670 Shares of Vicor Co. (NASDAQ:VICR)

GAMMA Investing LLC lifted its position in Vicor Co. (NASDAQ:VICR) by 202.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,001 shares of the electronics maker’s stock after purchasing an additional 670 shares during the period. GAMMA Investing LLC’s holdings in Vicor were worth $42,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC increased its stake in shares of Vicor by 98.8% during the second 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 during the period. PNC Financial Services Group Inc. grew its holdings in Vicor by 37.5% during 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 in the last quarter. Point72 DIFC Ltd increased its position in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of Vicor in the 2nd quarter valued at about $98,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Vicor in the 2nd quarter worth approximately $115,000. 47.45% of the stock is owned by institutional investors.

Insider Activity at Vicor

In other Vicor news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction 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 directly owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday, July 24th.

Vicor Price Performance

Shares of NASDAQ VICR opened at $41.15 on Friday. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $56.65. The business has a fifty day moving average price of $38.53 and a 200 day moving average price of $36.34. The stock has a market capitalization of $1.83 billion, a P/E ratio of 41.15 and a beta of 1.51.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 23rd. The electronics maker reported ($0.03) EPS 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 analysts’ expectations of $81.77 million. During the same period in the previous year, the company posted $0.38 earnings per share. The business’s quarterly revenue was down 19.5% compared to the same quarter last year.

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.