JPMorgan Chase & Co. Decreases Stock Holdings in Vicor Corporation $VICR

JPMorgan Chase & Co. decreased its position in Vicor Corporation (NASDAQ:VICR) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,016,881 shares of the electronics maker’s stock after selling 117,077 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of Vicor worth $440,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Vicor during the third quarter valued at about $352,000. Colrain Capital LLC increased its position in shares of Vicor by 10.4% during the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after buying an additional 23,940 shares during the period. Public Sector Pension Investment Board increased its position in shares of Vicor by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after buying an additional 10,532 shares during the period. Intech Investment Management LLC increased its position in shares of Vicor by 36.6% during the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after buying an additional 7,985 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of Vicor during the fourth quarter valued at about $1,537,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the topic of several research analyst reports. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC boosted their price objective on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Vicor has an average rating of “Buy” and an average price target of $228.33.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 542,619 shares of company stock valued at $122,250,026 in the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Vicor Price Performance

NASDAQ:VICR opened at $275.51 on Thursday. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The company’s 50-day simple moving average is $253.29 and its 200 day simple moving average is $182.13. The firm has a market capitalization of $12.56 billion, a P/E ratio of 92.14 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Vicor’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Vicor Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.