Vicor (NASDAQ:VICR) Shares Gap Down – What’s Next?

Vicor Corporation (NASDAQ:VICRGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $260.20, but opened at $247.62. Vicor shares last traded at $242.77, with a volume of 71,700 shares traded.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VICR shares. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Roth Capital raised their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Craig Hallum boosted their price target on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Vicor presently has a consensus rating of “Moderate Buy” and an average price target of $408.33.

Read Our Latest Report on Vicor

Vicor Trading Up 3.1%

The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 79.47 and a beta of 2.33. The business’s 50-day simple moving average is $299.54 and its two-hundred day simple moving average is $220.37.

Vicor (NASDAQ:VICRGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total value of $6,842,000.00. Following the transaction, the chief executive officer owned 8,828,090 shares in the company, valued at $3,020,089,589. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 392,682 shares of company stock valued at $123,899,833. 28.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently modified their holdings of VICR. Federated Hermes Inc. bought a new position in shares of Vicor during the 4th quarter worth $27,000. Harbour Investments Inc. bought a new stake in Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. NBC Securities Inc. purchased a new stake in Vicor during the fourth quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. boosted its position in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares during the period. 47.45% of the stock is owned by institutional investors.

About Vicor

(Get Free Report)

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.

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