Vicor (NASDAQ:VICR) Trading Down 5.6% – Here’s Why

Vicor Corporation (NASDAQ:VICR)’s share price dropped 5.6% during trading on Tuesday . The stock traded as low as $175.81 and last traded at $177.1790. 146,785 shares were traded during trading, a decline of 83% from the average session volume of 840,966 shares. The stock had previously closed at $187.68.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VICR shares. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Roth Capital upped their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Needham & Company LLC dropped their price target 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. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Trading Down 5.2%

The firm’s 50-day simple moving average is $243.38 and its two-hundred day simple moving average is $235.32. The company has a market cap of $8.20 billion, a PE ratio of 56.87 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same period in the prior year, the firm earned $0.91 earnings per share. Vicor’s revenue was up 49.3% compared to the same quarter last year. As a group, analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Insider Transactions at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total value of $6,591,400.00. Following the sale, the chief executive officer directly owned 8,528,090 shares in the company, valued at approximately $2,810,602,621.30. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 257,693 shares of company stock valued at $82,911,376 over the last 90 days. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter valued at $27,000. Harbour Investments Inc. purchased a new position in shares of Vicor during the 4th quarter valued at approximately $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vicor in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.