Chapin Davis Inc. Boosts Position in Vicor Corporation (NASDAQ:VICR)

Chapin Davis Inc. grew its holdings in Vicor Corporation (NASDAQ:VICR - Free Report) by 265.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,500 shares of the electronics maker's stock after acquiring an additional 26,500 shares during the period. Chapin Davis Inc. owned about 0.08% of Vicor worth $1,707,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock worth $185,903,000 after purchasing an additional 572,093 shares during the last quarter. Vanguard Group Inc. grew its holdings in Vicor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock worth $122,223,000 after acquiring an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vicor in the 4th quarter worth about $79,889,000. Summit Partners Public Asset Management LLC acquired a new stake in shares of Vicor in the 4th quarter valued at about $17,787,000. Finally, Northern Trust Corp lifted its holdings in Vicor by 8.9% during the 4th quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock worth $12,066,000 after buying an additional 20,321 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Stock Down 3.1%

Shares of VICR stock opened at $44.07 on Monday. The company has a market cap of $1.99 billion, a P/E ratio of 84.75 and a beta of 1.77. The business has a 50 day moving average of $44.38 and a two-hundred day moving average of $49.23. Vicor Corporation has a 52 week low of $31.65 and a 52 week high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.23). The firm had revenue of $93.97 million for the quarter, compared to analyst estimates of $96.63 million. Vicor had a net margin of 6.27% and a return on equity of 4.13%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.