Vicor Corporation (NASDAQ:VICR – Get Free Report)’s share price traded down 7.2% on Wednesday. The stock traded as low as $279.19 and last traded at $277.74. 397,344 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 850,114 shares. The stock had previously closed at $299.29.
Wall Street Analysts Forecast Growth
VICR has been the subject of several research reports. Needham & Company LLC lifted their price target on Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Roth Capital restated a “buy” rating and issued a $375.00 target price on shares of Vicor in a report on Tuesday, September 22nd. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Craig Hallum boosted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $391.67.
Read Our Latest Report on Vicor
Vicor Trading Down 0.4%
Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 49.3% on a year-over-year basis. On average, equities analysts predict that Vicor Corporation will post 4.07 earnings per share for the current fiscal year.
Insider Activity
In other Vicor news, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its position in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after buying an additional 197 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in shares of Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after buying an additional 61 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Vicor during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 47.45% of the company’s stock.
Vicor Company Profile
Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.
The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.
Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.
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