Vicor (NASDAQ:VICR) Stock Price Down 11% – Should You Sell?

Vicor Corporation (NASDAQ:VICR) shares fell 11% during trading on Thursday. The company traded as low as $193.36 and last traded at $190.0460. Approximately 156,200 shares traded hands during trading, a decline of 82% from the average daily volume of 875,924 shares. The stock had previously closed at $213.42.

Analyst Ratings Changes

VICR has been the topic of several research reports. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Roth Capital set a $360.00 target price on shares of Vicor in a research note on Wednesday. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Needham & Company LLC restated a “buy” rating and set a $350.00 price target on shares of Vicor in a report on Tuesday. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $386.67.

Vicor Price Performance

The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 47.12 and a beta of 2.37. The business has a fifty day moving average of $228.51 and a 200 day moving average of $250.98.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The business’s quarterly revenue was up 78.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect that Vicor Corporation will post 4.07 EPS for the current year.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the sale, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VICR. BlackRock Inc. acquired a new position in Vicor during the 2nd quarter worth $934,612,000. Andar Capital Management HK Ltd bought a new stake in Vicor during the second quarter valued at about $101,100,000. The Manufacturers Life Insurance Company increased its stake in shares of Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Vicor during the 2nd quarter worth about $53,161,000. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.