Vicor (NASDAQ:VICR) Stock Falls 10.5% – Time to Sell?

Vicor Corporation (NASDAQ:VICR)’s stock price was down 10.5% during trading on Thursday. The company traded as low as $218.00 and last traded at $219.4740. 170,040 shares traded hands during trading, a decline of 80% from the average daily volume of 849,410 shares. The stock had previously closed at $245.35.

Analyst Upgrades and Downgrades

VICR has been the subject of several research analyst reports. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Needham & Company LLC boosted their price target on Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Roth Capital restated a “buy” rating and issued a $375.00 price target on shares of Vicor in a research note on Tuesday, September 22nd. Craig Hallum increased their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $391.67.

Vicor Stock Performance

The company has a market capitalization of $9.67 billion, a P/E ratio of 67.04 and a beta of 2.37. The business’s fifty day simple moving average is $229.83 and its 200-day simple moving average is $249.22.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 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 business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, analysts forecast that Vicor Corporation will post 4.07 EPS for the current year.

Insider Transactions at Vicor

In related news, VP Philip D. Davies sold 3,073 shares of the 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 transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $341,184. This represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VICR. Andar Capital Management HK Ltd bought a new stake in Vicor in the second quarter worth $101,100,000. BlackRock Inc. bought a new position in Vicor during the second quarter valued at $934,612,000. The Manufacturers Life Insurance Company lifted its position in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after purchasing an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Vicor in the 2nd quarter worth $53,161,000. 47.45% of the stock is currently owned by institutional investors.

Vicor Company Profile

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.