Vicor (NASDAQ:VICR) Sets New 12-Month Low at $34.30

Vicor Co. (NASDAQ:VICR) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.30 and last traded at $34.30, with a volume of 11194 shares. The stock had previously closed at $35.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VICR. StockNews.com downgraded Vicor from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Craig Hallum downgraded Vicor from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Friday, February 23rd.

Vicor Price Performance

The firm has a market capitalization of $1.54 billion, a P/E ratio of 29.16 and a beta of 1.53. The stock has a fifty day simple moving average of $38.76 and a two-hundred day simple moving average of $41.10.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). The business had revenue of $92.70 million during the quarter, compared to the consensus estimate of $107.07 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share.

Insider Activity

In other news, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders sold a total of 4,999 shares of company stock worth $184,990 over the last quarter. 31.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after acquiring an additional 285,699 shares in the last quarter. BlackRock Inc. grew its holdings in Vicor by 0.5% during the first quarter. BlackRock Inc. now owns 2,477,074 shares of the electronics maker’s stock worth $116,274,000 after buying an additional 11,706 shares in the last quarter. Capital Research Global Investors grew its holdings in Vicor by 53.1% during the first quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker’s stock worth $114,680,000 after buying an additional 563,884 shares in the last quarter. Invesco Ltd. grew its holdings in Vicor by 1.0% during the first quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker’s stock worth $92,596,000 after buying an additional 12,892 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Vicor by 2,183.4% during the third quarter. JPMorgan Chase & Co. now owns 1,296,582 shares of the electronics maker’s stock worth $76,356,000 after buying an additional 1,239,800 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.