Vicor (NASDAQ:VICR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Vicor Co. (NASDAQ:VICR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.13 and traded as high as $59.42. Vicor shares last traded at $57.07, with a volume of 354,298 shares changing hands.

Wall Street Analyst Weigh In

VICR has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Vicor Price Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 108.31 and a beta of 1.48. The stock has a 50 day moving average price of $43.68 and a two-hundred day moving average price of $38.36.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share.

Insider Transactions at Vicor

In related news, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On Vicor

Institutional investors have recently bought and sold shares of the company. Eastern Bank bought a new stake in Vicor in the 3rd quarter valued at approximately $42,000. GAMMA Investing LLC raised its stake in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Vicor by 146.2% during the 3rd 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 in the last quarter. Finally, Point72 DIFC Ltd raised its stake in shares of Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after purchasing an additional 877 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.