Vicor (NASDAQ:VICR) Stock Price Down 7.2% - Should You Sell?

Key Points

• Vicor shares fell 7.2% to $277.74 on significantly below-average volume, while the stock remains valued at a high P/E ratio of 89.18.
• Despite the decline, analysts remain broadly bullish: Vicor has an average “Buy” rating and a consensus price target of $391.67, compared with the current price.
• The company recently exceeded quarterly earnings and revenue estimates, with EPS of $1.04 and revenue of $143.35 million; revenue rose 49.3% year over year. However, insiders sold approximately $7.75 million of stock over the past three months.

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s stock price was down 7.2% on Wednesday. The company traded as low as $279.19 and last traded at $277.74. 397,344 shares were traded during trading, a decline of 53% from the average session volume of 850,114 shares. The stock had previously closed at $299.29.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of Vicor from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Weiss Ratings cut shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Roth Capital restated a "buy" rating and set a $375.00 target price on shares of Vicor in a research report on Tuesday, September 22nd. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. Finally, Craig Hallum lifted their price target on Vicor to $450.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $391.67.

Vicor Price Performance

The company has a 50 day moving average of $223.28 and a 200-day moving average of $245.48. The company has a market cap of $12.84 billion, a P/E ratio of 89.18 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company's quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Research analysts anticipate that Vicor Corporation will post 4.07 EPS for the current year.

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 3,073 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at approximately $341,184. The trade was a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zmira Lavie sold 908 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares in the company, valued at $227,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,053 shares of company stock valued at $7,745,984 over the last three months. 28.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

A number of large investors have recently modified their holdings of VICR. Blue Trust Inc. boosted its stake in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock worth $43,000 after buying an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock valued at $45,000 after purchasing an additional 275 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker's stock worth $48,000 after purchasing an additional 197 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock worth $56,000 after purchasing an additional 61 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in Vicor during the first quarter valued at about $64,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company's product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor's Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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