Vicor Corporation $VICR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Vicor Corporation (NASDAQ:VICR) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,133,958 shares of the electronics maker’s stock after selling 316,760 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of Vicor worth $205,540,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Amalgamated Bank raised its position in shares of Vicor by 3.4% during the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock worth $337,000 after purchasing an additional 224 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Vicor by 3.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock worth $613,000 after purchasing an additional 394 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Vicor by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock valued at $269,000 after buying an additional 415 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Trading Up 11.2%

VICR stock opened at $170.01 on Friday. The firm has a 50-day moving average of $139.90 and a two-hundred day moving average of $92.46. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $177.00. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 65.14 and a beta of 1.90.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 19.55% and a net margin of 26.19%.The business had revenue of $107.26 million during the quarter, compared to analyst estimates of $107.78 million. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year.

Analysts Set New Price Targets

VICR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Zacks Research upgraded Vicor to a “hold” rating in a research report on Tuesday, December 16th. Finally, Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Vicor presently has an average rating of “Moderate Buy” and an average price target of $118.33.

Insiders Place Their Bets

In other Vicor news, insider Michael Mcnamara sold 4,237 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the sale, the insider directly owned 18,138 shares in the company, valued at $1,836,109.74. This represents a 18.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $96,250. This trade represents a 85.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 126,735 shares of company stock valued at $13,607,975. Insiders own 31.30% of the company’s stock.

Vicor Company 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.