Vicor (NASDAQ:VICR) Trading Down 15.2% – Should You Sell?

Vicor Co. (NASDAQ:VICR) shares traded down 15.2% on Monday . The stock traded as low as $52.03 and last traded at $50.52. 112,268 shares traded hands during trading, a decline of 59% from the average session volume of 276,506 shares. The stock had previously closed at $59.55.

Analysts Set New Price Targets

Several brokerages have weighed in on VICR. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Vicor Stock Down 19.5 %

The firm has a market capitalization of $2.16 billion, a PE ratio of 93.05 and a beta of 1.45. The company’s fifty day simple moving average is $52.81 and its 200 day simple moving average is $48.59.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Transactions at Vicor

In related news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew D’amico sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,642 shares of company stock worth $819,890 in the last three months. Insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. grew its stake in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Vicor in the fourth quarter valued at about $140,000. Truist Financial Corp purchased a new stake in shares of Vicor during the fourth quarter worth about $213,000. Net Worth Advisory Group acquired a new position in shares of Vicor during the 4th quarter worth about $218,000. Finally, Savant Capital LLC acquired a new position in shares of Vicor during the 4th quarter worth about $223,000. Hedge funds and other institutional investors 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.