Vicor (NASDAQ:VICR) Shares Down 5.6% - Here's Why

Key Points

• Vicor shares fell 5.6% to about $177.18 in mid-day trading, while trading volume was 83% below the stock’s average daily volume.
• Analyst views remain generally positive, with three Buy ratings and two Holds; the average price target is $381.67, although some firms recently lowered or downgraded their outlooks.
• Vicor reported strong quarterly results, with EPS of $1.04 versus the $0.65 consensus estimate and revenue of $143.35 million, up 49.3% year over year. Separately, insiders sold about $82.9 million of stock over the past quarter.

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s share price dropped 5.6% during mid-day trading on Tuesday . The stock traded as low as $175.81 and last traded at $177.1790. 146,785 shares traded hands during trading, a decline of 83% from the average daily volume of 840,966 shares. The stock had previously closed at $187.68.

Analyst Upgrades and Downgrades

VICR has been the topic of several recent research reports. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Needham & Company LLC reduced their target price on Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Zacks Research downgraded Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Finally, Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $381.67.

Vicor Price Performance

The stock has a 50 day moving average of $243.38 and a two-hundred day moving average of $235.32. The stock has a market capitalization of $8.20 billion, a PE ratio of 56.87 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business's revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. As a group, research analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $329.57, for a total transaction of $6,591,400.00. Following the sale, the chief executive officer owned 8,528,090 shares of the company's stock, valued at approximately $2,810,602,621.30. This represents a 0.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 257,693 shares of company stock worth $82,911,376 over the last quarter. Insiders own 28.30% of the company's stock.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in Vicor in the 4th quarter valued at about $27,000. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter valued at about $32,000. Allworth Financial LP increased its stake in shares of Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after purchasing an additional 288 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Vicor in the 4th quarter worth about $36,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company's product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.

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