Vicor (NASDAQ:VICR) Stock Price Down 11% – What’s Next?

Shares of Vicor Corporation (NASDAQ:VICR) fell 11% during mid-day trading on Thursday. The stock traded as low as $193.36 and last traded at $190.0460. 156,200 shares were traded 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 topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $350.00 price target on shares of Vicor in a research report on Tuesday. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Finally, Roth Capital set a $360.00 price target on Vicor in a research report on Wednesday. One equities 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, the company presently has an average rating of “Buy” and a consensus price target of $386.67.

Vicor Trading Down 2.2%

The business has a 50 day moving average of $226.40 and a two-hundred day moving average of $250.62. The firm has a market cap of $8.12 billion, a P/E ratio of 46.08 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The firm had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The company’s revenue for the quarter was up 78.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. On average, sell-side analysts predict that Vicor Corporation will post 3.94 EPS for the current year.

Insider Buying and Selling

In other news, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were 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 in the company, valued at $227,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,053 shares of company stock valued at $7,745,984. Company insiders own 28.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Vicor in the second quarter valued at approximately $934,612,000. Jupiter Topco LLC bought a new stake in Vicor during the second quarter worth $3,934,000. Bank of America Corp DE bought a new stake in Vicor during the second quarter worth $33,515,000. Maxi Investments CY Ltd bought a new stake in Vicor during the second quarter worth $2,089,000. Finally, Hsbc Holdings PLC lifted its stake in Vicor by 796.8% during the second quarter. Hsbc Holdings PLC now owns 70,523 shares of the electronics maker’s stock worth $26,366,000 after purchasing an additional 62,659 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.