Vicor (NASDAQ:VICR) Shares Down 15.2% – Here’s Why

Vicor Co. (NASDAQ:VICR)’s share price fell 15.2% during mid-day trading on Monday . The company traded as low as $52.03 and last traded at $50.52. 112,268 shares were traded during trading, a decline of 59% from the average session volume of 276,506 shares. The stock had previously closed at $59.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. StockNews.com lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Vicor Stock Up 2.3 %

The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 96.33 and a beta of 1.45. The stock’s fifty day moving average price is $52.84 and its 200-day moving average price is $48.75.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The company had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million.

Insider Buying and Selling

In related news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Claudio Tuozzolo sold 1,898 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the transaction, the vice president now owns 33,622 shares in the company, valued at approximately $2,178,369.38. The trade was a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,642 shares of company stock worth $819,890. Insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the period. Headlands Technologies LLC bought a new stake in shares of Vicor in the fourth quarter valued at about $140,000. Truist Financial Corp bought a new stake in shares of Vicor in the fourth quarter valued at about $213,000. Net Worth Advisory Group bought a new stake in shares of Vicor in the fourth quarter valued at about $218,000. Finally, Savant Capital LLC bought a new stake in shares of Vicor in the fourth quarter valued at about $223,000. 47.45% of the stock is owned by 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.