Vicor (NASDAQ:VICR) Hits New 1-Year Low at $34.30

Vicor Co. (NASDAQ:VICR - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as $34.30 and last traded at $34.30, with a volume of 11194 shares trading hands. The stock had previously closed at $35.31.

Analyst Ratings Changes

Several equities analysts recently issued reports on VICR shares. Craig Hallum downgraded shares of Vicor from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a report on Friday, February 23rd. StockNews.com downgraded shares of Vicor from a "hold" rating to a "sell" rating in a report on Friday.

Vicor Price Performance

The company has a market capitalization of $1.53 billion, a P/E ratio of 28.91 and a beta of 1.53. The stock's 50 day simple moving average is $38.84 and its two-hundred day simple moving average is $41.15.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.17). The company had revenue of $92.70 million during the quarter, compared to the consensus estimate of $107.07 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company's revenue was down 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share.

Insider Buying and Selling

In related news, VP Robert Gendron sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares of the company's stock, valued at $197,924.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Robert Gendron sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders sold a total of 4,999 shares of company stock valued at $184,990 over the last ninety days. Insiders own 31.30% of the company's stock.

Institutional Trading of Vicor

A number of institutional investors have recently made changes to their positions in VICR. Bouvel Investment Partners LLC raised its position in shares of Vicor by 42.5% in the first quarter. Bouvel Investment Partners LLC now owns 24,253 shares of the electronics maker's stock valued at $927,000 after purchasing an additional 7,231 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker's stock valued at $50,000 after purchasing an additional 303 shares during the period. Vanguard Group Inc. raised its position in shares of Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker's stock valued at $111,336,000 after purchasing an additional 285,699 shares during the period. Fisher Asset Management LLC grew its stake in shares of Vicor by 5.0% in the fourth quarter. Fisher Asset Management LLC now owns 124,319 shares of the electronics maker's stock valued at $5,587,000 after acquiring an additional 5,965 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Vicor by 8.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,694 shares of the electronics maker's stock valued at $751,000 after acquiring an additional 1,344 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Vicor Company Profile

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.