Vicor (NASDAQ:VICR) Stock Price Down 11% – Should You Sell?

Vicor Corporation (NASDAQ:VICR) was down 11% during trading on Thursday. The stock traded as low as $193.36 and last traded at $190.0460. 156,200 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 875,924 shares. The stock had previously closed at $213.42.

Analyst Upgrades and Downgrades

VICR has been the subject of several research reports. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Roth Capital set a $360.00 price target on shares of Vicor in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $350.00 price target on shares of Vicor in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $386.67.

Vicor Trading Down 15.7%

The firm has a fifty day simple moving average of $228.51 and a 200 day simple moving average of $250.98. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 47.12 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.01. The company had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. Vicor’s revenue for the quarter was up 78.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. On average, equities analysts expect that Vicor Corporation will post 4.07 earnings per share for the current year.

Insider Activity at Vicor

In related news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares of the company’s stock, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the sale, the vice president owned 1,920 shares in the company, valued at $341,184. This represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in VICR. BlackRock Inc. acquired a new stake in shares of Vicor during the 2nd quarter valued at about $934,612,000. Andar Capital Management HK Ltd bought a new stake in Vicor in the second quarter valued at about $101,100,000. The Manufacturers Life Insurance Company increased 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 during the period. Arrowstreet Capital Limited Partnership raised its position 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Vicor in the second quarter worth about $53,161,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.