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JPMorgan Chase & Co. Has $207.99 Million Holdings in Vicor Corporation (NASDAQ:VICR)

Vicor logo with Computer and Technology background

Key Points

  • JPMorgan Chase & Co. increased its stake in Vicor Corporation by 15.6% in the first quarter, owning approximately 9.84% of the company, valued at about $208 million.
  • Vicor reported strong earnings of $0.91 per share, significantly surpassing analysts’ estimates of $0.18, alongside a year-over-year revenue increase of 64.3%.
  • Despite the strong performance, notable analysts downgraded Vicor from a "buy" to a "hold" rating recently.
  • Want stock alerts on Vicor? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

JPMorgan Chase & Co. increased its position in Vicor Corporation (NASDAQ:VICR - Free Report) by 15.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,446,226 shares of the electronics maker's stock after purchasing an additional 598,896 shares during the period. JPMorgan Chase & Co. owned about 9.84% of Vicor worth $207,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICR. Herald Investment Management Ltd boosted its stake in shares of Vicor by 15.0% during the 1st quarter. Herald Investment Management Ltd now owns 230,000 shares of the electronics maker's stock valued at $10,750,000 after buying an additional 30,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Vicor by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker's stock valued at $9,970,000 after buying an additional 761 shares during the period. Blair William & Co. IL raised its holdings in shares of Vicor by 12.6% during the 1st 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 in the last quarter. Manchester Capital Management LLC raised its holdings 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 purchasing an additional 265 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Vicor by 29.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock valued at $16,654,000 after purchasing an additional 80,105 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VICR. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd.

Get Our Latest Report on VICR

Insider Buying and Selling at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the transaction, the director directly owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.30% of the company's stock.

Vicor Stock Performance

Shares of NASDAQ:VICR traded up $0.40 on Friday, hitting $47.65. 416,329 shares of the company were exchanged, compared to its average volume of 543,178. The company's 50 day moving average price is $46.23 and its two-hundred day moving average price is $47.90. Vicor Corporation has a one year low of $34.27 and a one year high of $65.70. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 32.64 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last issued its 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 net margin of 15.44% and a return on equity of 11.32%. The business had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same period in the previous year, the business earned $0.10 EPS. The firm's revenue was up 64.3% on a year-over-year basis.

About Vicor

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

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