Vicor Co. (NASDAQ:VICR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Vicor Co. (NASDAQ:VICR - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,847,330 shares of the electronics maker's stock after buying an additional 572,093 shares during the period. JPMorgan Chase & Co. owned about 8.52% of Vicor worth $185,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock worth $49,000 after acquiring an additional 690 shares in the last quarter. Truist Financial Corp purchased a new stake in Vicor during the fourth quarter worth $213,000. Net Worth Advisory Group acquired a new stake in Vicor in the fourth quarter valued at $218,000. Savant Capital LLC acquired a new stake in Vicor in the fourth quarter valued at $223,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Vicor in the fourth quarter valued at $227,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on VICR shares. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th.

Remove Ads

Insider Activity at Vicor

In related news, Director Andrew D'amico sold 4,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,642 shares of company stock valued at $819,890. Company insiders own 31.00% of the company's stock.

Vicor Stock Down 5.8 %

Shares of VICR traded down $2.60 during trading hours on Friday, reaching $42.09. 510,990 shares of the company traded hands, compared to its average volume of 230,366. The stock has a market capitalization of $1.90 billion, a PE ratio of 80.94 and a beta of 1.45. The stock has a fifty day simple moving average of $52.78 and a 200 day simple moving average of $50.46. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The company had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

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.