Vicor (NASDAQ:VICR) Shares Down 10.5% – Time to Sell?

Shares of Vicor Corporation (NASDAQ:VICR) were down 10.5% during mid-day trading on Thursday. The company traded as low as $218.00 and last traded at $219.4740. 170,040 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 849,410 shares. The stock had previously closed at $245.35.

Analysts Set New Price Targets

Several equities analysts have commented on VICR shares. Roth Capital reissued a “buy” rating and set a $375.00 price objective on shares of Vicor in a research report on Tuesday, September 22nd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Needham & Company LLC lifted their target price on shares of Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Finally, Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor has an average rating of “Buy” and a consensus target price of $391.67.

Vicor Price Performance

The business has a 50 day moving average price of $229.83 and a 200 day moving average price of $249.22. The stock has a market capitalization of $9.67 billion, a PE ratio of 67.04 and a beta of 2.37.

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

Insiders Place Their Bets

In other news, VP Philip Davies sold 3,073 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 in the company, valued at approximately $341,184. This represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the sale, the chief executive officer owned 8,307,390 shares in the company, valued at approximately $2,626,215,200.70. The trade was a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,053 shares of company stock valued at $7,745,984. Insiders own 28.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its position in Vicor by 1,244.4% during the third quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker’s stock valued at $35,000 after buying an additional 112 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of Vicor during the 3rd quarter valued at $551,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Vicor during the 3rd quarter valued at $428,000. Fermata Advisors LLC lifted its stake in shares of Vicor by 74.3% during the 3rd quarter. Fermata Advisors LLC now owns 1,682 shares of the electronics maker’s stock valued at $486,000 after buying an additional 717 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new position in shares of Vicor during the 3rd quarter valued at $417,000. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

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.