Vicor (NASDAQ:VICR) Shares Gap Down – Time to Sell?

Vicor Corporation (NASDAQ:VICR) shares gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

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

Vicor Trading Up 11.2%

The business has a 50 day simple moving average of $139.90 and a two-hundred day simple moving average of $92.78. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 65.14 and a beta of 1.90.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.38 by $0.63. The company had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a return on equity of 19.55% and a net margin of 26.19%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS.

Insiders Place Their Bets

In other news, CFO James F. Schmidt sold 5,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer owned 875 shares of the company’s stock, valued at approximately $96,250. The trade was a 85.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $103.02, for a total transaction of $2,060,400.00. Following the transaction, the chief executive officer directly owned 9,808,363 shares in the company, valued at $1,010,457,556.26. The trade was a 0.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,735 shares of company stock valued at $13,607,975 in the last ninety days. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in Vicor during the fourth quarter valued at $27,000. Harbour Investments Inc. bought a new stake in shares of Vicor during the 4th quarter valued at about $32,000. Allworth Financial LP raised its stake in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 324 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Vicor in the fourth quarter worth about $36,000. 47.45% of the stock is currently owned by institutional investors.

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.