21,795 Shares in Vicor Corporation $VICR Bought by Jump Financial LLC

Key Points

• Jump Financial LLC has invested approximately $1.02 million in Vicor Corporation, acquiring 21,795 shares during the first quarter.
• Vicor reported impressive earnings, with an EPS of $0.91 for the quarter, significantly exceeding the consensus estimate of $0.18, along with a 64.3% year-over-year revenue increase.
• Institutional investors hold 47.45% of Vicor’s stock, with significant movements from companies like JPMorgan Chase & Co., which increased its stake by 15.6% in the last quarter.

Jump Financial LLC purchased a new stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,795 shares of the electronics maker's stock, valued at approximately $1,020,000.

Several other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC raised its position in shares of Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after buying an additional 265 shares during the period. Optimum Investment Advisors purchased a new stake in Vicor in the first quarter valued at approximately $26,000. Blair William & Co. IL raised its position in Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock valued at $230,000 after purchasing an additional 550 shares during the period. Ashford Capital Management Inc. raised its position in Vicor by 2.5% in the fourth quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock valued at $1,167,000 after purchasing an additional 600 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vicor by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock valued at $627,000 after purchasing an additional 654 shares during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ:VICR traded down $0.30 during trading on Wednesday, hitting $50.17. The company's stock had a trading volume of 167,940 shares, compared to its average volume of 298,514. The business has a 50 day moving average price of $47.40 and a two-hundred day moving average price of $47.88. The company has a market capitalization of $2.25 billion, a PE ratio of 34.36 and a beta of 1.76. Vicor Corporation has a fifty-two week low of $34.27 and a fifty-two week high of $65.70.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VICR. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. 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, the company currently has a consensus rating of "Buy" and a consensus price target of $43.00.

Insider Activity at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.