JPMorgan Chase & Co. Has $185.90 Million Stock Position in Vicor Co. (NASDAQ:VICR)

JPMorgan Chase & Co. increased its stake in Vicor Co. (NASDAQ:VICR) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,847,330 shares of the electronics maker’s stock after purchasing an additional 572,093 shares during the quarter. JPMorgan Chase & Co. owned approximately 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 have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Vicor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock worth $122,223,000 after purchasing an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Vicor in the 4th quarter worth approximately $79,889,000. 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 valued at $38,161,000 after buying an additional 21,439 shares during the period. State Street Corp grew its holdings in shares of Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after acquiring an additional 17,668 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Vicor by 6.3% in the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after acquiring an additional 33,696 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the transaction, the vice president now owns 34,622 shares in the company, valued at $2,111,942. The trade was a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,642 shares of company stock worth $819,890. Insiders own 31.00% of the company’s stock.

Vicor Price Performance

Shares of VICR opened at $46.78 on Tuesday. The company’s fifty day moving average price is $53.77 and its 200 day moving average price is $50.31. The company has a market capitalization of $2.11 billion, a PE ratio of 89.96 and a beta of 1.45. Vicor Co. has a one year low of $30.90 and a one year high of $65.70.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VICR. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. StockNews.com cut Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

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.