Vicor (NASDAQ:VICR) Stock Price Down 10.1% – Here’s Why

Vicor Corporation (NASDAQ:VICR)’s stock price traded down 10.1% during trading on Tuesday . The company traded as low as $203.09 and last traded at $207.6050. Approximately 442,353 shares traded hands during trading, a decline of 47% from the average session volume of 833,248 shares. The stock had previously closed at $230.99.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Roth Capital lifted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lifted their target price on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Craig Hallum increased their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $408.33.

Vicor Stock Performance

The firm’s fifty day moving average price is $297.90 and its 200 day moving average price is $221.96. The firm has a market cap of $9.96 billion, a P/E ratio of 73.50 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.42. The firm had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. During the same period last year, the firm earned $0.91 earnings per share. As a group, analysts expect that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO James F. Schmidt sold 1,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $331.68, for a total value of $331,680.00. Following the completion of the transaction, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $331,680. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew D’amico sold 331 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the sale, the director owned 200 shares of the company’s stock, valued at $63,906. This trade represents a 62.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 392,682 shares of company stock worth $123,899,833 in the last three months. Corporate insiders own 28.30% of the company’s stock.

Institutional Trading of Vicor

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vicor by 43.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.