Vicor (NASDAQ:VICR) Stock Price Down 5.8% - Time to Sell?

Vicor Co. (NASDAQ:VICR - Get Free Report) shares were down 5.8% on Thursday . The company traded as low as $46.41 and last traded at $46.51. Approximately 106,068 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 222,180 shares. The stock had previously closed at $49.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Craig Hallum lifted their target price on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday.

Vicor Stock Performance

The company has a market capitalization of $2.07 billion, a PE ratio of 46.41 and a beta of 1.51. The company's 50-day moving average is $39.19 and its 200 day moving average is $36.54.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The firm's quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the transaction, the vice president now owns 15,763 shares of the company's stock, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VICR. Eastern Bank purchased a new stake in Vicor during the 3rd quarter valued at $42,000. CWM LLC grew its holdings in shares of Vicor by 226.6% in the third quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock worth $96,000 after acquiring an additional 1,584 shares during the period. GAMMA Investing LLC increased its position in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after acquiring an additional 670 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Vicor by 200.9% in the third quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker's stock valued at $439,000 after acquiring an additional 6,968 shares during the period. Finally, Point72 DIFC Ltd boosted its position in Vicor by 66.7% in the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after purchasing an additional 877 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other 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.