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

JPMorgan Chase & Co. lessened its position in shares of Vicor Corporation (NASDAQ:VICR) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 9.26% of Vicor worth $205,540,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC raised its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Herald Investment Management Ltd boosted its position in Vicor by 8.7% in the third quarter. Herald Investment Management Ltd now owns 250,000 shares of the electronics maker’s stock valued at $12,408,000 after buying an additional 20,000 shares during the last quarter. Colrain Capital LLC increased its holdings in Vicor by 14.5% in the 2nd quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock worth $10,442,000 after buying an additional 29,200 shares during the period. Ameriprise Financial Inc. raised its position in Vicor by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 134,170 shares of the electronics maker’s stock worth $6,086,000 after buying an additional 4,064 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in Vicor by 5.9% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 101,096 shares of the electronics maker’s stock worth $4,586,000 after buying an additional 5,590 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Price Performance

Shares of NASDAQ VICR opened at $170.01 on Friday. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 65.14 and a beta of 1.90. The firm’s 50 day simple moving average is $139.90 and its 200-day simple moving average is $92.46. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $177.00.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on VICR. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.33.

Insiders Place Their Bets

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the transaction, the chief executive officer owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Mcnamara sold 4,237 shares of the stock in a transaction that occurred 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 transaction, the insider owned 18,138 shares in the company, valued at $1,836,109.74. This represents a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 126,735 shares of company stock worth $13,607,975. Company 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.