Vicor (NASDAQ:VICR) Shares Down 7.3% – Should You Sell?

Vicor Corporation (NASDAQ:VICR)’s stock price fell 7.3% during trading on Friday . The stock 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, July 23rd. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $43.00.

Vicor Trading Down 6.6%

The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 33.34 and a beta of 1.76. The firm has a 50-day moving average price of $49.31 and a 200-day moving average price of $47.20.

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

Insider Buying and Selling at Vicor

In other news, Director Andrew D’amico sold 5,813 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director owned 1,217 shares in the company, valued at approximately $76,671. This trade represents a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Large investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp boosted its stake in shares of Vicor by 30.6% during the second quarter. Texas Permanent School Fund Corp now owns 14,765 shares of the electronics maker’s stock valued at $670,000 after acquiring an additional 3,457 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Vicor by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 78,780 shares of the electronics maker’s stock valued at $3,573,000 after purchasing an additional 5,694 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after buying an additional 3,436 shares in the last quarter. Tidal Investments LLC bought a new stake in Vicor during the second quarter valued at about $341,000. Finally, Manatuck Hill Partners LLC increased its stake in Vicor by 13.5% in the second quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the electronics maker’s stock valued at $4,536,000 after acquiring an additional 11,900 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.