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

Vicor (NASDAQ:VICR) had its price target increased by Craig Hallum from $35.00 to $43.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the electronics maker’s stock.

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

Vicor Stock Down 0.2 %

Shares of NASDAQ:VICR opened at $46.32 on Wednesday. The company’s fifty day moving average is $39.51 and its 200 day moving average is $36.67. Vicor has a 52 week low of $30.90 and a 52 week high of $51.89. The stock has a market cap of $2.06 billion, a PE ratio of 46.32 and a beta of 1.51.

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

Insider Activity

In related news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the transaction, the vice president now owns 15,763 shares in the company, valued at $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently added to or reduced their stakes in VICR. Vanguard Group Inc. increased its position 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 buying an additional 285,699 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Vicor by 37.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 303 shares during the period. Bouvel Investment Partners LLC lifted its stake in shares of Vicor by 42.5% in the 1st quarter. Bouvel Investment Partners LLC now owns 24,253 shares of the electronics maker’s stock valued at $927,000 after purchasing an additional 7,231 shares during the period. BNP Paribas Financial Markets grew its stake in Vicor by 32.2% in the first quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock worth $3,580,000 after purchasing an additional 22,797 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Vicor by 31.3% in the first quarter. GSA Capital Partners LLP now owns 69,277 shares of the electronics maker’s stock worth $2,649,000 after purchasing an additional 16,502 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.