Vicor (NASDAQ:VICR) Shares Down 7.3% - What's Next?

Key Points

• Vicor Corporation's shares fell by 7.3%, trading at $48.33, indicating a significant decline from the previous close of $52.14, with reduced trading volume of 204,820 shares.
• Analysts have mixed ratings on Vicor, with one upgrading it to "buy" while the average price target remains at $43.00, despite the current price exceeding that target.
• In the latest quarter, Vicor reported $141.05 million in revenue, significantly outpacing analyst predictions, and earnings per share of $0.91, which is a substantial increase compared to the prior year's performance.

Vicor Corporation (NASDAQ:VICR - Get Free Report) traded down 7.3% during trading on Friday . The company traded as low as $47.56 and last traded at $48.33. 204,820 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 294,730 shares. The stock had previously closed at $52.14.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICR. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vicor presently has an average rating of "Buy" and an average price target of $43.00.

Vicor Stock Performance

The company has a market cap of $2.19 billion, a PE ratio of 33.34 and a beta of 1.76. The company's 50 day moving average price is $49.29 and its 200-day moving average price is $47.26.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 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 firm had revenue of $141.05 million for the quarter, compared to analysts' expectations of $96.43 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 64.3% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Andrew D'amico sold 5,813 shares of the company'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 sale, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. This represents a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 31.30% of the company's stock.

Hedge Funds Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. JPMorgan Chase & Co. lifted its position in 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 last quarter. AWM Investment Company Inc. raised its holdings in Vicor by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker's stock valued at $17,412,000 after buying an additional 20,195 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Vicor by 29.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock valued at $16,654,000 after buying an additional 80,105 shares during the last quarter. Millennium Management LLC boosted its position 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 buying an additional 259,022 shares during the period. Finally, Ashford Capital Management Inc. grew its holdings in Vicor by 885.7% in the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker's stock worth $11,136,000 after acquiring an additional 213,895 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.

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