Vicor (NASDAQ:VICR) Stock Price Down 5.6% – What’s Next?

Vicor Corporation (NASDAQ:VICR)’s share price traded down 5.6% during trading on Tuesday . The company traded as low as $175.81 and last traded at $177.1790. Approximately 146,785 shares traded hands during trading, a decline of 83% from the average session volume of 840,966 shares. The stock had previously closed at $187.68.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VICR shares. Roth Capital increased their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lowered their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Trading Up 3.2%

The company has a market capitalization of $8.37 billion, a P/E ratio of 58.20 and a beta of 2.35. The stock has a 50 day moving average price of $237.37 and a 200 day moving average price of $235.55.

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

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the sale, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director owned 908 shares of the company’s stock, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 237,693 shares of company stock worth $76,674,376. Corporate insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Vicor during the 2nd quarter valued at about $934,612,000. Convergence Investment Partners LLC bought a new stake in Vicor in the fourth quarter worth approximately $1,631,000. Maxi Investments CY Ltd bought a new position in shares of Vicor during the 2nd quarter worth approximately $2,089,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Vicor by 128.6% during the 4th quarter. Strs Ohio now owns 9,600 shares of the electronics maker’s stock worth $1,052,000 after buying an additional 5,400 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.