Vicor Co. (NASDAQ:VICR) Shares Acquired by Bruce & Co. Inc.

Bruce & Co. Inc. lifted its stake in Vicor Co. (NASDAQ:VICR) by 55.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 70,000 shares of the electronics maker’s stock after purchasing an additional 25,000 shares during the quarter. Vicor accounts for 0.8% of Bruce & Co. Inc.’s portfolio, making the stock its 23rd largest position. Bruce & Co. Inc.’s holdings in Vicor were worth $2,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Vicor by 37.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after acquiring an additional 303 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in Vicor during the 2nd quarter worth approximately $98,000. SG Americas Securities LLC acquired a new stake in Vicor during the 2nd quarter worth approximately $115,000. Finally, Truist Financial Corp boosted its position in Vicor by 35.7% in the 4th quarter. Truist Financial Corp now owns 5,000 shares of the electronics maker’s stock valued at $225,000 after buying an additional 1,315 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Up 0.2 %

Shares of Vicor stock opened at $36.76 on Monday. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $61.33. The company has a market capitalization of $1.66 billion, a P/E ratio of 36.76 and a beta of 1.50. The company has a 50 day moving average of $37.22 and a 200 day moving average of $35.83.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). The firm had revenue of $85.90 million for 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 for the quarter was down 19.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share.

Wall Street Analysts Forecast Growth

VICR has been the topic of a number of recent research reports. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, July 24th.

Insider Transactions at Vicor

In other news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the sale, the vice president now owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.30% of the company’s stock.

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.