Vicor Corporation $VICR Stock Sold by Chapin Davis Inc.

Chapin Davis Inc. reduced its position in Vicor Corporation (NASDAQ:VICR) by 24.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,500 shares of the electronics maker’s stock after selling 10,700 shares during the quarter. Vicor makes up about 1.9% of Chapin Davis Inc.’s holdings, making the stock its 17th largest holding. Chapin Davis Inc.’s holdings in Vicor were worth $9,679,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Vicor during the 2nd quarter valued at $934,612,000. Jupiter Topco LLC acquired a new position in Vicor during the second quarter valued at $3,934,000. Maxi Investments CY Ltd purchased a new stake in Vicor in the 2nd quarter worth about $2,089,000. Tidal Investments LLC boosted its position in Vicor by 87.8% during the 2nd quarter. Tidal Investments LLC now owns 82,874 shares of the electronics maker’s stock worth $31,474,000 after acquiring an additional 38,756 shares during the period. Finally, Bank of America Corp DE purchased a new position in Vicor during the 2nd quarter valued at about $33,515,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $262.32 on Friday. The business’s fifty day moving average price is $226.40 and its two-hundred day moving average price is $246.82. Vicor Corporation has a fifty-two week low of $48.53 and a fifty-two week high of $382.65. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 84.08 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor’s revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Research analysts expect that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VICR has been the subject of several research reports. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Roth Capital restated a “buy” rating and issued a $375.00 target price on shares of Vicor in a research note on Tuesday, September 22nd. Finally, Needham & Company LLC lifted their price target on Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $391.67.

Insider Buying and Selling

In other Vicor news, Director Zmira Lavie sold 908 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director owned 908 shares of the company’s stock, valued at approximately $227,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,053 shares of company stock valued at $7,745,984 over the last ninety days. Insiders own 28.30% of the company’s stock.

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.