Vicor (NASDAQ:VICR) trades 5.8% lower following analyst downgrade

Vicor Co. (NASDAQ:VICR – Get Rating) stock price fell 5.8% midday Tuesday after Needham & Company LLC lowered its price target on the stock by 75, $00 to $65.00. Needham & Company LLC currently has a Buy rating on the stock. Vicor traded as low as $52.02 and last traded at $52.43. 7,704 shares were traded during trading, down 95% from the average session volume of 155,486 shares. The stock previously closed at $55.68.

Separately, StockNews.com upgraded Vicor’s shares from a “sell” rating to a “hold” rating in a Friday, July 15 research note.

Insider buying and selling

Separately, director Estia J. Eichten sold 11,938 shares of the company in a transaction that took place on Wednesday, July 27. The shares were sold at an average price of $70.74, for a total value of $844,494.12. Following the sale, the director now directly owns 228,329 shares of the company, valued at $16,151,993.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Separately, director Estia J. Eichten sold 11,938 shares of the company in a transaction that took place on Wednesday, July 27. The shares were sold at an average price of $70.74, for a total value of $844,494.12. Following the sale, the director now directly owns 228,329 shares of the company, valued at $16,151,993.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Director Estia J. Eichten sold 5,000 shares of Vicor in a transaction that took place on Monday, July 25. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the administrator now directly owns 230,329 shares of the company, valued at $14,971,385. The disclosure of this sale can be found here. Company insiders own 31.30% of the company’s shares.

Institutional entries and exits

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Lazard Asset Management LLC acquired a new position in Vicor during the second quarter valued at approximately $48,000. Captrust Financial Advisors increased its position in Vicor by 109.3% during the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker valued at $63,000 after buying an additional 469 shares last quarter. Covestor Ltd increased its stake in Vicor shares by 132.4% during the first quarter. Covestor Ltd now owns 960 shares of the electronics maker valued at $68,000 after buying an additional 547 shares during the period. Exane Derivatives purchased a new equity stake in Vicor during the first quarter valued at approximately $119,000. Finally, Commonwealth Equity Services LLC increased its stake in Vicor shares by 36.3% during the first quarter. Commonwealth Equity Services LLC now owns 3,487 shares of the electronics maker valued at $246,000 after purchasing an additional 928 shares during the period. 42.46% of the shares are held by institutional investors and hedge funds.

Vicor shares down 5.7%

The company has a market capitalization of $2.31 billion, a PE ratio of 63.10 and a beta of 1.16. The company’s 50-day moving average price is $68.33 and its 200-day moving average price is $63.90.

Vicor (NASDAQ:VICR – Get Rating) last released quarterly earnings data on Thursday, July 21. The electronics maker reported earnings per share (EPS) of $0.24 for the quarter. The company had revenue of $102.19 million for the quarter. Vicor had a net margin of 10.32% and a return on equity of 8.81%.

About Victor

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Vicor Corporation, together with its subsidiaries, designs, develops, manufactures and markets modular power components and power systems for converting electrical energy in the United States, Europe, Asia-Pacific and internationally. The company offers a range of DC-DC converters in brick format; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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