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

Vicor Corporation (NASDAQ:VICR) shares gapped down prior to trading on Monday . The stock had previously closed at $197.91, but opened at $182.24. Vicor shares last traded at $185.1010, with a volume of 103,605 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. Craig Hallum upped their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Roth Capital lifted their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Trading Down 0.4%

The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 58.96 and a beta of 2.35. The stock’s 50 day moving average is $213.64 and its 200 day moving average is $236.75.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities research analysts predict that Vicor Corporation will post 3.28 EPS for the current year.

Insider Transactions at Vicor

In related news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the transaction, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction dated 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 of the company’s stock, valued at $341,184. This trade represents a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 137,536 shares of company stock valued at $46,229,938. 28.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VICR. GoalVest Advisory LLC increased its position in Vicor by 23.5% during the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 61 shares during the period. Carolina Wealth Advisors LLC lifted its position in shares of Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after purchasing an additional 68 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after purchasing an additional 74 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after buying an additional 90 shares during the period. 47.45% of the stock is owned by institutional investors.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.