Chapin Davis Inc. Sells 10,000 Shares of Vicor Co. (NASDAQ:VICR)

Chapin Davis Inc. trimmed its holdings in Vicor Co. (NASDAQ:VICR) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the electronics maker’s stock after selling 10,000 shares during the quarter. Chapin Davis Inc.’s holdings in Vicor were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Bouvel Investment Partners LLC increased its stake in shares of Vicor by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock worth $1,198,000 after acquiring an additional 243 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Vicor by 4.1% during the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock valued at $395,000 after purchasing an additional 324 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after purchasing an additional 552 shares in the last quarter. GAMMA Investing LLC increased its stake in Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 690 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum raised their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Vicor Stock Performance

Shares of VICR stock opened at $57.30 on Friday. The stock has a fifty day simple moving average of $52.47 and a two-hundred day simple moving average of $44.82. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $62.00. The firm has a market capitalization of $2.59 billion, a PE ratio of 119.38 and a beta of 1.50.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same period last year, the company posted $0.37 earnings per share. Vicor’s quarterly revenue was down 13.6% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,856 shares of company stock valued at $837,413 in the last quarter. 31.00% of the stock is currently owned by insiders.

Vicor 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.