Vicor Corporation $VICR Shares Acquired by Chapin Davis Inc.

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. grew its position 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 fund owned 44,900 shares of the electronics maker's stock after purchasing an additional 8,400 shares during the quarter. Chapin Davis Inc. owned approximately 0.10% of Vicor worth $2,037,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Vicor by 15.6% during the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock worth $207,994,000 after acquiring an additional 598,896 shares in the last quarter. AWM Investment Company Inc. boosted its stake in Vicor by 5.7% during the first quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker's stock worth $17,412,000 after acquiring an additional 20,195 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Vicor by 29.0% during the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock worth $16,654,000 after buying an additional 80,105 shares during the last quarter. Millennium Management LLC raised its holdings in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after buying an additional 259,022 shares during the last quarter. Finally, Ashford Capital Management Inc. raised its holdings in Vicor by 885.7% during the first quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker's stock worth $11,136,000 after buying an additional 213,895 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction that occurred on 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 directly owned 1,217 shares in the company, valued at approximately $76,671. This trade represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.30% of the company's stock.

Vicor Trading Up 3.5%

Vicor stock traded up $1.84 during midday trading on Monday, hitting $54.72. The stock had a trading volume of 181,907 shares, compared to its average volume of 293,032. Vicor Corporation has a 52-week low of $36.80 and a 52-week high of $65.70. The company has a market capitalization of $2.46 billion, a PE ratio of 37.48 and a beta of 1.76. The firm's fifty day moving average is $48.96 and its two-hundred day moving average is $47.15.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on VICR. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $43.00.

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.