Vicor (NASDAQ:VICR) Shares Down 5.8% – Should You Sell?

Vicor Co. (NASDAQ:VICR)’s share price dropped 5.8% during mid-day trading on Thursday . The company traded as low as $46.41 and last traded at $46.51. Approximately 106,068 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 222,180 shares. The stock had previously closed at $49.39.

Wall Street Analyst Weigh In

VICR has been the subject of several research reports. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday.

Vicor Price Performance

The firm’s fifty day moving average price is $39.19 and its 200-day moving average price is $36.54. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 46.53 and a beta of 1.51.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same period in the previous year, the business posted $0.37 EPS. Vicor’s revenue was down 13.6% on a year-over-year basis.

Insider Transactions at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the sale, the vice president now directly owns 15,763 shares in the company, valued at $564,788.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC lifted its holdings in Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC lifted its stake in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 670 shares during the period. Eastern Bank bought a new position in shares of Vicor in the third quarter valued at approximately $42,000. PNC Financial Services Group Inc. increased its stake in shares of Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after acquiring an additional 303 shares during the period. Finally, Point72 DIFC Ltd raised its holdings in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.