Vicor (NASDAQ:VICR) Stock Price Down 5% - Time to Sell?

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Vicor Trading Down 0.0%

The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 87.19 and a beta of 1.77. The firm has a 50 day moving average price of $44.29 and a two-hundred day moving average price of $48.86.

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

Institutional Investors Weigh In On Vicor

Large investors have recently modified their holdings of the stock. Wealthfront Advisers LLC purchased a new position in Vicor in the 4th quarter worth approximately $79,889,000. JPMorgan Chase & Co. boosted its stake in shares of Vicor by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock valued at $207,994,000 after purchasing an additional 598,896 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Vicor in the fourth quarter valued at $17,787,000. Millennium Management LLC grew its holdings in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Finally, Ashford Capital Management Inc. increased its stake in Vicor by 885.7% during the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker's stock worth $11,136,000 after buying an additional 213,895 shares during the period. Institutional investors and hedge funds 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.