Chapin Davis Inc. Has $1.71 Million Holdings in Vicor Corporation (NASDAQ:VICR)

Chapin Davis Inc. boosted its position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 265.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,500 shares of the electronics maker's stock after purchasing an additional 26,500 shares during the period. Chapin Davis Inc. owned 0.08% of Vicor worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VICR. Wealthfront Advisers LLC acquired a new stake in shares of Vicor in the 4th quarter valued at $79,889,000. JPMorgan Chase & Co. lifted its stake in shares of Vicor by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock worth $185,903,000 after buying an additional 572,093 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Vicor in the fourth quarter worth $17,787,000. Colrain Capital LLC acquired a new position in Vicor during the 4th quarter worth $9,181,000. Finally, Raymond James Financial Inc. acquired a new position in Vicor during the 4th quarter worth $7,349,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Price Performance

Shares of NASDAQ VICR traded up $1.26 during trading hours on Thursday, reaching $47.31. The stock had a trading volume of 347,660 shares, compared to its average volume of 242,355. Vicor Corporation has a twelve month low of $32.36 and a twelve month high of $65.70. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 90.98 and a beta of 1.77. The business's fifty day moving average is $44.29 and its two-hundred day moving average is $49.03.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Vicor from a "buy" rating to a "hold" rating in a research report 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.