Vicor (NASDAQ:VICR) Trading Down 5.8% – What’s Next?

Vicor Co. (NASDAQ:VICR)’s share price dropped 5.8% on Tuesday . The company traded as low as $53.30 and last traded at $53.30. Approximately 126,389 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 229,461 shares. The stock had previously closed at $56.56.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Craig Hallum raised their target price on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Trading Down 3.3 %

The company has a market capitalization of $2.22 billion, a PE ratio of 102.25 and a beta of 1.49. The business has a fifty day moving average of $51.25 and a 200 day moving average of $41.87.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS.

Insiders Place Their Bets

In related news, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the sale, the director now owns 230,267 shares in the company, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the transaction, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Eastern Bank acquired a new stake in shares of Vicor during the 3rd quarter worth $42,000. GAMMA Investing LLC raised its stake in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 570 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. Finally, Point72 DIFC Ltd increased its holdings in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.