Vicor (NASDAQ:VICR) Stock Price Down 6.6% – Should You Sell?

Vicor Corporation (NASDAQ:VICR) shares were down 6.6% on Friday . The stock traded as low as $157.13 and last traded at $155.7850. Approximately 192,520 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 700,745 shares. The stock had previously closed at $166.78.

Analyst Upgrades and Downgrades

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

Vicor Price Performance

The company has a market cap of $6.89 billion, a price-to-earnings ratio of 84.32 and a beta of 1.90. The company’s 50-day simple moving average is $111.25 and its 200-day simple moving average is $75.97.

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

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the 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 sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sean Crilly sold 12,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $89.61, for a total transaction of $1,075,320.00. Following the transaction, the vice president directly owned 15,532 shares of the company’s stock, valued at approximately $1,391,822.52. This trade represents a 43.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 168,648 shares of company stock worth $17,505,431. Insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bouvel Investment Partners LLC grew its stake in shares of Vicor by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after purchasing an additional 85 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Amalgamated Bank boosted its position in Vicor by 3.4% during the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock worth $337,000 after purchasing an additional 224 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Vicor by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 1,565 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 259 shares during the period. 47.45% of the stock is currently 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.