Point72 DIFC Ltd Acquires 877 Shares of Vicor Co. (NASDAQ:VICR)

Point72 DIFC Ltd increased its holdings in shares of Vicor Co. (NASDAQ:VICR) by 66.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,191 shares of the electronics maker’s stock after buying an additional 877 shares during the quarter. Point72 DIFC Ltd’s holdings in Vicor were worth $73,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 37.5% in 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 during the last quarter. Headlands Technologies LLC increased its position in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in Vicor in the 2nd quarter valued at approximately $98,000. SG Americas Securities LLC acquired a new stake in Vicor in the second quarter valued at approximately $115,000. Finally, Bayesian Capital Management LP acquired a new stake in Vicor in the first quarter valued at approximately $227,000. 47.45% of the stock is currently owned by institutional investors.

Vicor Trading Up 0.5 %

NASDAQ:VICR opened at $42.29 on Friday. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $35.93. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $60.38. The stock has a market cap of $1.91 billion, a P/E ratio of 42.29 and a beta of 1.50.

Vicor (NASDAQ:VICR) last released its quarterly earnings results 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). Vicor had a net margin of 7.20% and a return on equity of 4.98%. The business 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 business posted $0.38 EPS. Vicor’s revenue was down 19.5% on a year-over-year basis.

Insider Buying and Selling

In other news, VP Philip D. Davies sold 23,494 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the sale, the vice president now owns 15,763 shares of the company’s stock, valued at $564,788.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. 31.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.