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

Vicor Corporation (NASDAQ:VICR) shares gapped down prior to trading on Friday . The stock had previously closed at $152.84, but opened at $128.75. Vicor shares last traded at $154.8920, with a volume of 289,995 shares traded.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICR. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $118.33.

Vicor Stock Up 6.4%

The firm has a 50 day moving average price of $138.46 and a 200 day moving average price of $91.60. The stock has a market cap of $7.26 billion, a PE ratio of 89.93 and a beta of 1.90.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 11.5% compared to the same quarter last year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the transaction, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. The trade was a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Mcnamara sold 4,237 shares of Vicor stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at $1,836,109.74. This trade represents a 18.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 126,735 shares of company stock worth $13,607,975. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares during the last quarter. Millennium Management LLC raised its position in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor in the 3rd quarter valued at $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.