Chapin Davis Inc. Has $2.04 Million Stock Holdings in Vicor Corporation $VICR

Key Points

• Chapin Davis Inc. increased its holdings in Vicor Corporation by 23% during Q2, owning 44,900 shares valued at approximately $2.04 million.
• Multiple institutional investors, including Deutsche Bank AG and Nuveen Asset Management LLC, have significantly increased their stakes in Vicor, with institutional ownership now at 47.45%.
• Vicor reported a robust quarterly earnings performance, with $0.91 EPS surpassing estimates and a revenue growth of 64.3% year-over-year, indicating strong market demand.

Chapin Davis Inc. raised its holdings in Vicor Corporation (NASDAQ:VICR - Free Report) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,900 shares of the electronics maker's stock after purchasing an additional 8,400 shares during the quarter. Chapin Davis Inc. owned 0.10% of Vicor worth $2,037,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VICR. Prescott Group Capital Management L.L.C. raised its position in Vicor by 35.5% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock worth $5,860,000 after purchasing an additional 31,774 shares during the last quarter. Deutsche Bank AG raised its position in Vicor by 125.4% during the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after purchasing an additional 15,932 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vicor by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock worth $627,000 after purchasing an additional 654 shares during the last quarter. Nuveen Asset Management LLC raised its position in Vicor by 184.1% during the 4th quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock worth $8,214,000 after purchasing an additional 110,162 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Vicor by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 6,874 shares of the electronics maker's stock worth $332,000 after purchasing an additional 2,116 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen raised Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $43.00.

Vicor Price Performance

Shares of VICR opened at $52.88 on Monday. The stock has a 50-day moving average of $48.79 and a 200-day moving average of $47.18. The company has a market cap of $2.38 billion, a PE ratio of 36.22 and a beta of 1.76. Vicor Corporation has a one year low of $36.73 and a one year high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.18 by $0.73. The company had revenue of $141.05 million during the quarter, compared to the consensus estimate of $96.43 million. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The firm's revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares in the company, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.30% of the company's stock.

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.

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