Vicor (NASDAQ:VICR) Shares Down 5.7% – Time to Sell?

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

Wall Street Analyst Weigh In

Several brokerages have commented on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum increased their price objective on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

Vicor Stock Up 3.4 %

The stock has a market cap of $2.29 billion, a P/E ratio of 105.94 and a beta of 1.51. The business’s 50-day simple moving average is $51.84 and its two-hundred day simple moving average is $45.76.

Insider Buying and Selling

In other news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alex Gusinov sold 856 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares in the company, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,856 shares of company stock valued at $837,413. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares in the last quarter. Needham Investment Management LLC increased its holdings in shares of Vicor by 2.4% in the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after buying an additional 21,439 shares during the last quarter. State Street Corp raised its position in shares of Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC grew its position in Vicor by 6.3% in the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after acquiring an additional 33,696 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock valued at $10,314,000 after acquiring an additional 600 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Company Profile

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.