Vicor (NASDAQ:VICR) Stock Price Down 5.7% - Time to Sell?

Vicor Co. (NASDAQ:VICR - Get Free Report)'s share price dropped 5.7% during trading on Monday . The company traded as low as $48.22 and last traded at $48.21. Approximately 49,203 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 225,139 shares. The stock had previously closed at $51.14.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VICR shares. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum raised their price objective on Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd.

Vicor Stock Down 1.6 %

The stock's 50 day moving average price is $51.79 and its two-hundred day moving average price is $45.79. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 104.27 and a beta of 1.51.

Insiders Place Their Bets

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company's stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew D'amico sold 2,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,856 shares of company stock valued at $837,413 in the last three months. Insiders own 31.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Vicor during the fourth quarter valued at approximately $7,349,000. Proficio Capital Partners LLC acquired a new position in Vicor in the 4th quarter valued at $616,000. Victory Capital Management Inc. raised its holdings in Vicor by 25.0% in the 4th quarter. Victory Capital Management Inc. now owns 12,101 shares of the electronics maker's stock worth $585,000 after acquiring an additional 2,418 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Vicor by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 212,372 shares of the electronics maker's stock worth $10,262,000 after acquiring an additional 5,659 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Vicor during the fourth quarter valued at about $587,000. 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.