Vicor (NASDAQ:VICR) Shares Down 5.1% – Here’s What Happened

Vicor Corporation (NASDAQ:VICR) dropped 5.1% during trading on Tuesday . The stock traded as low as $146.67 and last traded at $150.8750. Approximately 93,155 shares traded hands during trading, a decline of 85% from the average daily volume of 632,184 shares. The stock had previously closed at $159.04.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VICR shares. Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.33.

Vicor Trading Down 3.5%

The stock’s 50-day simple moving average is $128.76 and its 200-day simple moving average is $85.93. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 84.21 and a beta of 1.90.

Insider Buying and Selling at Vicor

In other news, CFO James F. Schmidt sold 5,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares in the company, valued at approximately $96,250. This represents a 85.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the transaction, the chief executive officer owned 9,808,363 shares in the company, valued at $1,010,457,556.26. The trade was a 0.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 142,214 shares of company stock valued at $15,109,480 over the last ninety days. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VICR. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter worth approximately $32,000. Allworth Financial LP increased its holdings in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Vicor during the fourth quarter worth about $36,000. Finally, Global Retirement Partners LLC increased its stake in shares of Vicor by 969.4% in the fourth quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock valued at $42,000 after buying an additional 349 shares during the period. 47.45% of the stock is owned by 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.