Vicor (NASDAQ:VICR) Trading Down 9.7% – Time to Sell?

Vicor Corporation (NASDAQ:VICR)’s stock price traded down 9.7% during mid-day trading on Monday . The company traded as low as $128.00 and last traded at $128.5420. 211,944 shares traded hands during trading, a decline of 74% from the average session volume of 814,376 shares. The stock had previously closed at $142.31.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VICR shares. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 22nd. Zacks Research upgraded Vicor to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vicor has an average rating of “Moderate Buy” and a consensus target price of $98.33.

Vicor Price Performance

The company has a market cap of $6.21 billion, a PE ratio of 76.02 and a beta of 1.90. The business has a 50 day moving average of $100.58 and a 200 day moving average of $69.78.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. The business had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.

Insider Activity at Vicor

In other news, Director Andrew D’amico sold 400 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $142.50, for a total value of $57,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, the chief executive officer owned 9,708,163 shares of the company’s stock, valued at approximately $1,110,225,520.68. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 279,145 shares of company stock worth $27,313,654 over the last ninety days. 31.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

Large investors have recently made changes to their positions in the business. Edgestream Partners L.P. purchased a new position in Vicor in the 2nd quarter worth approximately $1,559,000. XTX Topco Ltd bought a new stake in shares of Vicor in the 2nd quarter worth $797,000. Versor Investments LP purchased a new position in shares of Vicor in the second quarter worth $342,000. Colrain Capital LLC raised its stake in shares of Vicor by 14.5% in the second quarter. Colrain Capital LLC now owns 230,200 shares of the electronics maker’s stock worth $10,442,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in shares of Vicor by 5.9% during the second quarter. Prescott Group Capital Management L.L.C. now owns 101,096 shares of the electronics maker’s stock valued at $4,586,000 after purchasing an additional 5,590 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

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.