JPMorgan Chase & Co. Sells 117,077 Shares of Vicor Corporation $VICR

JPMorgan Chase & Co. trimmed its position in Vicor Corporation (NASDAQ:VICR) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,016,881 shares of the electronics maker’s stock after selling 117,077 shares during the period. JPMorgan Chase & Co. owned 9.00% of Vicor worth $440,250,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Vicor in the 4th quarter valued at $472,000. Los Angeles Capital Management LLC bought a new position in Vicor in the 4th quarter valued at $1,240,000. Cibc World Market Inc. bought a new position in Vicor in the 4th quarter valued at $383,000. CIBC Asset Management Inc bought a new position in Vicor in the 4th quarter valued at $207,000. Finally, Andar Capital Management HK Ltd bought a new position in Vicor in the 4th quarter valued at $3,507,000. 47.45% of the stock is owned by institutional investors.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Monday, June 8th. The shares were sold at an average price of $270.93, for a total value of $5,418,600.00. Following the transaction, the chief executive officer owned 8,668,090 shares in the company, valued at $2,348,445,623.70. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Nancy L. Grava sold 323 shares of Vicor stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $355.00, for a total transaction of $114,665.00. Following the completion of the transaction, the vice president owned 323 shares in the company, valued at approximately $114,665. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 542,619 shares of company stock worth $122,250,026 in the last three months. 31.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC lifted their price objective on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $228.33.

Vicor Stock Performance

NASDAQ VICR opened at $275.51 on Thursday. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $361.89. The company has a market capitalization of $12.56 billion, a P/E ratio of 92.14 and a beta of 2.36. The company has a fifty day moving average of $253.29 and a 200-day moving average of $182.13.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.