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

Shares of Vicor Co. (NASDAQ:VICR) were down 5.7% during 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.

Analysts Set New Price Targets

A number of research firms have issued reports on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. 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 research note on Wednesday, October 23rd.

Vicor Price Performance

The stock’s 50 day simple moving average is $52.15 and its 200-day simple moving average is $45.59. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 98.31 and a beta of 1.51.

Insider Transactions at Vicor

In related news, Director Estia J. Eichten sold 8,000 shares of the business’s 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 owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now directly 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. Over the last three months, insiders sold 14,856 shares of company stock worth $837,413. 31.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bouvel Investment Partners LLC increased its holdings in Vicor by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock valued at $1,198,000 after buying an additional 243 shares during the period. Simon Quick Advisors LLC increased its holdings in Vicor by 4.1% in the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock valued at $395,000 after buying an additional 324 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Vicor by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after buying an additional 552 shares during the period. New York State Common Retirement Fund increased its holdings in Vicor by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker’s stock valued at $10,314,000 after buying an additional 600 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after buying an additional 670 shares during the period. Institutional investors own 47.45% of the company’s stock.

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.