Vicor (NASDAQ:VICR) Shares Down 5% - What's Next?

Shares of Vicor Corporation (NASDAQ:VICR - Get Free Report) fell 5% during mid-day trading on Monday . The stock traded as low as $44.59 and last traded at $44.31. 87,314 shares traded hands during trading, a decline of 64% from the average session volume of 242,273 shares. The stock had previously closed at $46.66.

Vicor Trading Up 0.9%

The stock has a market capitalization of $2.09 billion, a P/E ratio of 88.95 and a beta of 1.75. The firm's fifty day moving average is $44.13 and its 200-day moving average is $48.74.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.23). Vicor had a return on equity of 4.13% and a net margin of 6.27%. The firm had revenue of $93.97 million for the quarter, compared to analyst estimates of $96.63 million. During the same period in the previous year, the business posted $0.06 EPS. The business's quarterly revenue was up 12.0% on a year-over-year basis.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently modified their holdings of VICR. Optimum Investment Advisors acquired a new stake in shares of Vicor in the first quarter valued at approximately $26,000. Manchester Capital Management LLC raised its position in shares of Vicor by 76.8% during the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after acquiring an additional 265 shares during the last quarter. Strs Ohio acquired a new position in shares of Vicor during the first quarter valued at $56,000. KBC Group NV acquired a new position in shares of Vicor during the first quarter valued at $57,000. Finally, Headlands Technologies LLC bought a new position in Vicor in the fourth quarter valued at about $140,000. 47.45% of the stock is owned by institutional investors.

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.