Vicor (NASDAQ:VICR) Sets New 12-Month Low at $34.30

Vicor Co. (NASDAQ:VICR)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $34.30 and last traded at $34.30, with a volume of 11194 shares changing hands. The stock had previously closed at $35.31.

Analyst Ratings Changes

Several brokerages have recently commented on VICR. StockNews.com lowered Vicor from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Craig Hallum lowered Vicor from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Friday, February 23rd.

Vicor Stock Performance

The firm has a 50-day moving average of $38.76 and a 200-day moving average of $41.10. The firm has a market capitalization of $1.54 billion, a P/E ratio of 29.16 and a beta of 1.53.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $107.07 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. Vicor’s revenue was down 12.1% compared to the same quarter last year.

Insider Buying and Selling

In related news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $184,990 in the last ninety days. 31.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

A number of large investors have recently made changes to their positions in VICR. JPMorgan Chase & Co. lifted its stake in shares of Vicor by 2,183.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,582 shares of the electronics maker’s stock valued at $76,356,000 after purchasing an additional 1,239,800 shares during the period. Capital International Investors lifted its stake in shares of Vicor by 355.6% in the 1st quarter. Capital International Investors now owns 1,251,736 shares of the electronics maker’s stock valued at $88,310,000 after purchasing an additional 976,973 shares during the period. Capital Research Global Investors lifted its stake in shares of Vicor by 53.1% in the 1st quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker’s stock valued at $114,680,000 after purchasing an additional 563,884 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vicor by 13.0% in the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after purchasing an additional 285,699 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in shares of Vicor in the 3rd quarter valued at approximately $12,335,000. 47.45% of the stock is currently 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.