JPMorgan Chase & Co. Grows Stock Position in Vicor Co. (NASDAQ:VICR)

JPMorgan Chase & Co. raised its holdings in shares of Vicor Co. (NASDAQ:VICR) by 60.6% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 0.07% 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 also recently added to or reduced their stakes in VICR. Franklin Resources Inc. grew its holdings in Vicor by 40.1% during the 3rd quarter. Franklin Resources Inc. now owns 36,756 shares of the electronics maker’s stock valued at $1,529,000 after buying an additional 10,526 shares during the last quarter. Barclays PLC increased its position in Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock worth $1,658,000 after purchasing an additional 30,863 shares in the last quarter. Geode Capital Management LLC raised its stake in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after purchasing an additional 33,696 shares during the last quarter. State Street Corp lifted its holdings in Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after purchasing an additional 17,668 shares in the last quarter. Finally, Needham Investment Management LLC boosted its stake in shares of Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after purchasing an additional 21,439 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

VICR opened at $48.32 on Thursday. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $61.05. The business has a 50-day moving average of $52.71 and a two-hundred day moving average of $42.93. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 100.67 and a beta of 1.49.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

Analyst Ratings Changes

A number of research firms have recently weighed in on VICR. Craig Hallum boosted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the business’s 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 directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by insiders.

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.