Vicor Corporation $VICR Position Decreased by Chapin Davis Inc.

Key Points

• Chapin Davis reduced its Vicor position by 24.2% in the third quarter, selling 10,700 shares and retaining 33,500 shares valued at approximately $9.68 million. Institutional investors and hedge funds collectively own 47.45% of Vicor.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $391.67; targets from individual firms range from $350 to $450.
• Vicor reported quarterly EPS of $1.04, beating estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million. The stock opened at $262.32, well below its 52-week high of $382.65.

Chapin Davis Inc. lessened its position in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,500 shares of the electronics maker's stock after selling 10,700 shares during the period. Vicor makes up 1.9% of Chapin Davis Inc.'s portfolio, making the stock its 17th biggest position. Chapin Davis Inc. owned about 0.07% of Vicor worth $9,679,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of Vicor by 22.6% during the third quarter. GAMMA Investing LLC now owns 1,861 shares of the electronics maker's stock valued at $538,000 after purchasing an additional 343 shares during the period. Farther Finance Advisors LLC increased its position in shares of Vicor by 27.4% during the third quarter. Farther Finance Advisors LLC now owns 497 shares of the electronics maker's stock worth $144,000 after acquiring an additional 107 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Vicor by 668.0% in the third quarter. CoreCap Advisors LLC now owns 8,171 shares of the electronics maker's stock worth $2,361,000 after acquiring an additional 7,107 shares in the last quarter. Venture Visionary Partners LLC purchased a new position in Vicor in the third quarter valued at about $2,987,000. Finally, Envestnet Asset Management Inc. grew its stake in Vicor by 133.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,639 shares of the electronics maker's stock valued at $2,901,000 after purchasing an additional 4,360 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VICR shares. Weiss Ratings lowered shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Needham & Company LLC increased their target price on Vicor from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Roth Capital reissued a "buy" rating and set a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Finally, Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $391.67.

Vicor Stock Down 7.2%

Shares of NASDAQ VICR opened at $262.32 on Friday. The stock has a market cap of $12.10 billion, a P/E ratio of 84.08 and a beta of 2.37. The firm's 50-day simple moving average is $226.40 and its 200 day simple moving average is $246.82. Vicor Corporation has a fifty-two week low of $48.53 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts' expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business's revenue was up 49.3% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. On average, sell-side analysts anticipate that Vicor Corporation will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vicor news, VP Philip Davies sold 3,073 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president directly owned 1,920 shares of the company's stock, valued at approximately $341,184. This represents a 61.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares in the company, valued at $227,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is owned by corporate insiders.

About Vicor

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company's product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor's Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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