Vicor (NASDAQ:VICR) Trading Down 12.8% – Time to Sell?

Vicor Corporation (NASDAQ:VICR) dropped 12.8% during trading on Tuesday . The company traded as low as $180.54 and last traded at $180.1040. Approximately 191,940 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 845,944 shares. The stock had previously closed at $206.44.

Wall Street Analysts Forecast Growth

VICR has been the topic of several recent analyst reports. Roth Capital upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum boosted their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC lowered their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Trading Down 9.6%

The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 59.84 and a beta of 2.33. The stock’s fifty day moving average price is $291.22 and its two-hundred day moving average price is $225.29.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. Analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $342.10, for a total value of $6,842,000.00. Following the transaction, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at $3,020,089,589. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 367,606 shares of company stock valued at $117,177,948. Corporate insiders own 28.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VICR. Range Financial Group LLC purchased a new stake in shares of Vicor in the fourth quarter valued at about $1,537,000. Convergence Investment Partners LLC purchased a new stake in shares of Vicor during the fourth quarter worth approximately $1,631,000. Chicago Capital LLC acquired a new stake in shares of Vicor during the fourth quarter worth $771,000. Janney Montgomery Scott LLC purchased a new position in Vicor in the 1st quarter valued at $761,000. Finally, Washburn Capital Management Inc. purchased a new position in Vicor in the 4th quarter valued at $812,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

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.