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

Vicor Corporation (NASDAQ:VICR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $152.84, but opened at $128.75. Vicor shares last traded at $154.8920, with a volume of 289,995 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VICR. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and set a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Vicor Price Performance

The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 89.93 and a beta of 1.90. The firm has a 50 day moving average price of $138.46 and a 200-day moving average price of $91.60.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The business had revenue of $107.26 million during the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share.

Insider Buying and Selling at Vicor

In related news, insider Michael Mcnamara sold 4,237 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total transaction of $428,911.51. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at $1,836,109.74. The trade was a 18.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares in the company, valued at $96,250. This represents a 85.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 126,735 shares of company stock worth $13,607,975 over the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of large investors have recently modified their holdings of the company. ProShare Advisors LLC lifted its position in 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. Bouvel Investment Partners LLC raised its holdings in shares of Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after buying an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings 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 valued at $574,000 after buying an additional 90 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares during the period. Finally, Truist Financial Corp grew its holdings in Vicor by 2.1% in the 4th quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock worth $761,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.