Vicor (NASDAQ:VICR) Stock Price Down 5.8% - Should You Sell?

Shares of Vicor Corporation (NASDAQ:VICR - Get Free Report) dropped 5.8% during trading on Tuesday . The stock traded as low as $44.68 and last traded at $45.05. Approximately 97,549 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 242,151 shares. The stock had previously closed at $47.80.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research report on Wednesday.

Vicor Stock Down 10.5%

The firm has a market cap of $2.13 billion, a P/E ratio of 32.29 and a beta of 1.75. The business's 50 day moving average is $45.13 and its two-hundred day moving average is $48.42.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.73. Vicor had a return on equity of 11.32% and a net margin of 15.44%. The company had revenue of $141.05 million for the quarter, compared to the consensus estimate of $96.43 million. During the same period in the previous year, the business earned $0.10 EPS. The firm's revenue was up 64.3% compared to the same quarter last year.

Insider Transactions at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the sale, the director owned 1,217 shares of the company's stock, valued at $76,671. This trade represents a 82.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

Large investors have recently bought and sold shares of the stock. Chapin Davis Inc. increased its holdings in shares of Vicor by 265.0% during the first quarter. Chapin Davis Inc. now owns 36,500 shares of the electronics maker's stock valued at $1,707,000 after acquiring an additional 26,500 shares in the last quarter. Nuveen Asset Management LLC grew its position in Vicor by 184.1% in the 4th quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock valued at $8,214,000 after purchasing an additional 110,162 shares during the period. Principal Financial Group Inc. increased its stake in Vicor by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock valued at $5,375,000 after purchasing an additional 2,766 shares in the last quarter. Deutsche Bank AG raised its holdings in Vicor by 125.4% during the fourth quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after buying an additional 15,932 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Vicor in the fourth quarter valued at $477,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.