Vicor (NASDAQ:VICR) Trading Down 12.8% – Time to Sell?

Vicor Corporation (NASDAQ:VICR)’s share price traded down 12.8% during trading on Tuesday . The stock traded as low as $180.54 and last traded at $180.1040. Approximately 191,940 shares were traded during trading, a decline of 77% from the average session volume of 845,944 shares. The stock had previously closed at $206.44.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Roth Capital lifted their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $381.67.

Vicor Price Performance

The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 58.58 and a beta of 2.33. The business has a fifty day moving average price of $288.56 and a 200 day moving average price of $225.99.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million for 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 company’s revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. Research analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO James F. Schmidt sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total transaction of $331,680.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of Vicor stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the sale, the chief executive officer directly owned 8,347,390 shares of the company’s stock, valued at $2,524,250,736. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 367,606 shares of company stock valued at $117,177,948. 28.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Royal Bank of Canada increased its holdings in Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC raised its holdings in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after acquiring an additional 3,184 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.