JPMorgan Chase & Co. Acquires 1,236,264 Shares of Vicor Co. (NASDAQ:VICR)

JPMorgan Chase & Co. boosted its holdings in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 60.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,275,237 shares of the electronics maker's stock after purchasing an additional 1,236,264 shares during the period. JPMorgan Chase & Co. owned about 7.26% of Vicor worth $137,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC raised its holdings in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC raised its holdings in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank purchased a new stake in shares of Vicor in the 3rd quarter worth about $42,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock worth $49,000 after purchasing an additional 690 shares during the period. Finally, Point72 DIFC Ltd boosted its stake in shares of Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Vicor Stock Down 0.2 %

Shares of NASDAQ:VICR traded down $0.10 during midday trading on Thursday, reaching $48.22. The company's stock had a trading volume of 188,425 shares, compared to its average volume of 230,173. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $61.05. The firm has a market capitalization of $2.18 billion, a P/E ratio of 100.46 and a beta of 1.49. The firm has a 50 day moving average of $52.74 and a 200-day moving average of $42.97.

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

Insiders Place Their Bets

In related news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated 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 directly owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares in the company, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.00% of the company's stock.

Wall Street Analyst Weigh In

VICR has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum increased their target price on Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd.

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.