Vicor (NASDAQ:VICR) Shares Down 7.2% – Should You Sell?

Vicor Corporation (NASDAQ:VICR) shares were down 7.2% during mid-day trading on Wednesday. The stock traded as low as $279.19 and last traded at $277.74. 397,344 shares traded hands during trading, a decline of 53% from the average session volume of 850,114 shares. The stock had previously closed at $299.29.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Needham & Company LLC raised their target price on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Craig Hallum lifted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Roth Capital reiterated a “buy” rating and set a $375.00 price target on shares of Vicor in a report on Tuesday, September 22nd. Finally, Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $391.67.

Vicor Stock Performance

The stock has a market capitalization of $12.84 billion, a P/E ratio of 89.18 and a beta of 2.37. The stock has a 50-day moving average price of $223.28 and a two-hundred day moving average price of $245.48.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. Equities analysts anticipate that Vicor Corporation will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Philip Davies sold 3,073 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $341,184. This trade represents a 61.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its position in Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 275 shares during the period. Meeder Asset Management Inc. lifted its position in Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 197 shares during the period. Carolina Wealth Advisors LLC boosted its stake in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Vicor during the first quarter worth about $64,000. Institutional investors own 47.45% of the company’s stock.

About Vicor

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.