JPMorgan Chase & Co. Boosts Stake in Vicor Co. (NASDAQ:VICR)

JPMorgan Chase & Co. increased its stake in shares of Vicor Co. (NASDAQ:VICR) by 60.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,275,237 shares of the electronics maker’s stock after buying an additional 1,236,264 shares during the quarter. JPMorgan Chase & Co. owned about 7.26% of Vicor worth $137,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC lifted its position in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the period. Eastern Bank purchased a new stake in Vicor in the third quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. grew its position in Vicor by 146.2% during the 3rd 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 period. Finally, Point72 DIFC Ltd raised its stake in shares of 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 buying an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Craig Hallum boosted their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

Insider Activity

In related news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares in the company, valued at $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the transaction, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Vicor Trading Down 1.6 %

NASDAQ:VICR opened at $48.32 on Thursday. The company has a market cap of $2.18 billion, a P/E ratio of 100.67 and a beta of 1.49. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The company’s 50-day moving average price is $52.71 and its 200-day moving average price is $42.93.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS.

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.