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

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s share price traded down 5.8% during trading on Tuesday . The company traded as low as $44.68 and last traded at $45.05. 97,549 shares traded hands during trading, a decline of 60% from the average session 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 note on Wednesday.

Vicor Stock Down 9.7%

The business has a 50 day moving average of $45.05 and a 200 day moving average of $48.45. The company has a market capitalization of $2.15 billion, a P/E ratio of 33.05 and a beta of 1.75.

Vicor (NASDAQ:VICR - Get Free Report) last issued 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 11.52% and a net margin of 15.44%. The business had revenue of $141.05 million for the quarter, compared to the consensus estimate of $96.43 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company's quarterly revenue was up 64.3% compared to the same quarter last year.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. boosted its position in shares of Vicor by 35.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock worth $5,860,000 after purchasing an additional 31,774 shares in the last quarter. Swiss National Bank raised its stake in Vicor by 2.5% in the 4th quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock worth $2,219,000 after acquiring an additional 1,100 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Vicor in the 4th quarter valued at about $231,000. American Century Companies Inc. lifted its holdings in shares of Vicor by 20.0% in the 4th quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock valued at $390,000 after buying an additional 1,344 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Vicor in the 4th quarter valued at about $227,000. Institutional investors own 47.45% of the company's stock.

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.