Vicor (NASDAQ:VICR) Shares Gap Down – Here’s Why

Vicor Corporation (NASDAQ:VICR) shares gapped down before the market opened on Thursday . The stock had previously closed at $260.20, but opened at $247.62. Vicor shares last traded at $242.77, with a volume of 71,700 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VICR shares. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC upped their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Roth Capital increased their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and a consensus price target of $408.33.

Vicor Price Performance

The stock has a market capitalization of $10.83 billion, a P/E ratio of 79.55 and a beta of 2.33. The company has a fifty day moving average of $300.53 and a two-hundred day moving average of $219.41.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. As a group, equities research analysts predict that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at Vicor

In related news, Director Andrew D’amico sold 331 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $319.53, for a total transaction of $105,764.43. Following the sale, the director owned 200 shares in the company, valued at $63,906. This represents a 62.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 700 shares of Vicor stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 392,682 shares of company stock valued at $123,899,833 over the last three months. 28.30% of the stock is currently owned by company insiders.

Institutional Trading of Vicor

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.