Vicor (NASDAQ:VICR) Stock Price Down 5.7% – Here’s What Happened

Vicor Co. (NASDAQ:VICR)’s stock price was down 5.7% during mid-day trading on Monday . The stock traded as low as $48.22 and last traded at $48.21. Approximately 49,203 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 225,139 shares. The stock had previously closed at $51.14.

Wall Street Analyst Weigh In

VICR has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

Vicor Price Performance

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 105.94 and a beta of 1.51. The firm has a 50-day moving average price of $51.84 and a 200 day moving average price of $45.76.

Insiders Place Their Bets

In other Vicor news, VP Alex Gusinov sold 856 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, the vice president now directly owns 16,018 shares in the company, valued at $945,222.18. This represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Insiders sold 14,856 shares of company stock worth $837,413 in the last quarter. 31.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. Marshall Wace LLP grew its holdings in shares of Vicor by 60.7% during the 2nd quarter. Marshall Wace LLP now owns 26,150 shares of the electronics maker’s stock valued at $867,000 after purchasing an additional 9,878 shares during the last quarter. AQR Capital Management LLC grew its holdings in Vicor by 11.0% during the 2nd quarter. AQR Capital Management LLC now owns 74,455 shares of the electronics maker’s stock worth $2,469,000 after acquiring an additional 7,368 shares during the last quarter. Millennium Management LLC acquired a new position in Vicor during the 2nd quarter worth about $5,019,000. The Manufacturers Life Insurance Company increased its position in Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after purchasing an additional 552 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Vicor by 200.9% in the third quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker’s stock valued at $439,000 after buying an additional 6,968 shares during the period. 47.45% of the stock is currently owned by institutional investors.

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.