Vicor (NASDAQ:VICR) Shares Down 5.8% – Here’s Why

Vicor Co. (NASDAQ:VICR)’s share price dropped 5.8% during trading on Tuesday . The stock traded as low as $53.30 and last traded at $53.30. Approximately 126,389 shares changed hands during 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

VICR has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum boosted their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Vicor Stock Down 6.4 %

The company has a 50-day moving average price of $50.84 and a 200-day moving average price of $41.68. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 117.83 and a beta of 1.49.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share.

Insider Buying and Selling at Vicor

In other news, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the transaction, the director now directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its stake in shares of Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC grew its position in Vicor by 202.4% in the third 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. Eastern Bank acquired a new position in Vicor during the third quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in shares of Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 877 shares during the period. 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.