Craig Hallum Boosts Vicor (NASDAQ:VICR) Price Target to $43.00

Vicor (NASDAQ:VICR) had its price objective raised by investment analysts at Craig Hallum from $35.00 to $43.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the electronics maker’s stock. Craig Hallum’s price target points to a potential downside of 7.35% from the stock’s current price.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Wednesday.

Vicor Stock Down 6.0 %

Shares of NASDAQ VICR opened at $46.41 on Wednesday. Vicor has a 52 week low of $30.90 and a 52 week high of $51.89. The firm’s fifty day moving average is $39.19 and its 200 day moving average is $36.54. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 46.41 and a beta of 1.51.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS.

Insider Activity

In other news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total transaction of $841,790.02. Following the sale, the vice president now owns 15,763 shares in the company, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds have recently modified their holdings of VICR. Vanguard Group Inc. boosted its holdings in shares of Vicor by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after buying an additional 285,699 shares in the last quarter. Millennium Management LLC bought a new position in Vicor in the 2nd quarter worth about $5,019,000. Federated Hermes Inc. bought a new position in Vicor in the 2nd quarter worth about $4,192,000. Kennedy Capital Management LLC boosted its stake in Vicor by 178.7% in the 1st quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock worth $6,916,000 after purchasing an additional 115,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares in the last quarter. 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.