Vicor (NASDAQ:VICR) Shares Down 5.7% – Should You Sell?

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on VICR. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum raised their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Vicor Price Performance

The company has a market cap of $2.13 billion, a P/E ratio of 98.31 and a beta of 1.51. The stock’s 50-day moving average price is $52.15 and its 200-day moving average price is $45.59.

Insiders Place Their Bets

In other news, 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 transaction of $103,820.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares in the company, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,856 shares of company stock valued at $837,413. 31.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

Several institutional investors have recently added to or reduced their stakes in VICR. GAMMA Investing LLC boosted its holdings in Vicor by 202.4% in 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. Eastern Bank acquired a new position in shares of Vicor during the third quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. CWM LLC raised its position in Vicor by 226.6% in the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after buying an additional 1,584 shares during the last quarter. Finally, Invesco LLC purchased a new stake in Vicor in the 3rd quarter valued at $205,000. 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.