Vicor Co. (NASDAQ:VICR) Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. decreased its position in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the electronics maker's stock after selling 10,000 shares during the period. Chapin Davis Inc.'s holdings in Vicor were worth $483,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VICR. Eastern Bank purchased a new stake in Vicor during the 3rd quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 670 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock valued at $49,000 after acquiring an additional 690 shares during the last quarter. Point72 DIFC Ltd lifted its stake in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after purchasing an additional 877 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock valued at $96,000 after purchasing an additional 1,584 shares during the last quarter. 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 a number of research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum raised their target price on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd.

Vicor Trading Down 0.6 %

Shares of VICR stock traded down $0.35 during trading hours on Friday, reaching $57.30. 272,406 shares of the stock were exchanged, compared to its average volume of 168,002. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 119.38 and a beta of 1.50. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $62.00. The company's 50-day moving average price is $52.58 and its 200-day moving average price is $44.99.

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

Insider Activity at Vicor

In other news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares of the company's stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a document filed 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 dated 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 sale, the director now owns 230,267 shares of the company's stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,856 shares of company stock worth $837,413. Company insiders own 31.00% of the company's stock.

Vicor Company 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.