JPMorgan Chase & Co. Grows Holdings in Vicor Corporation $VICR

JPMorgan Chase & Co. grew its position in shares of Vicor Corporation (NASDAQ:VICR) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,450,718 shares of the electronics maker’s stock after purchasing an additional 4,492 shares during the period. JPMorgan Chase & Co. owned 0.10% of Vicor worth $201,885,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the period. Ashford Capital Management Inc. raised its holdings in Vicor by 885.7% in the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock valued at $11,136,000 after acquiring an additional 213,895 shares during the last quarter. Nuveen LLC purchased a new position in shares of Vicor during the 1st quarter worth $8,024,000. Alight Capital Management LP purchased a new position in shares of Vicor during the 1st quarter worth $1,637,000. Finally, Herald Investment Management Ltd boosted its holdings in shares of Vicor by 15.0% during the first quarter. Herald Investment Management Ltd now owns 230,000 shares of the electronics maker’s stock worth $10,750,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

NASDAQ VICR opened at $88.15 on Wednesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 48.17 and a beta of 1.81. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $101.00. The business’s 50-day simple moving average is $71.10 and its 200-day simple moving average is $55.20.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 18.5% on a year-over-year basis.

Insider Buying and Selling

In other news, VP Alex Gusinov sold 1,571 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $86.05, for a total value of $135,184.55. Following the transaction, the vice president owned 14,184 shares of the company’s stock, valued at approximately $1,220,533.20. This trade represents a 9.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert Gendron sold 5,374 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $94.00, for a total transaction of $505,156.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 142,810 shares of company stock valued at $12,764,878. 31.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VICR has been the topic of several recent analyst reports. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.