Vicor (NASDAQ:VICR) Price Target Increased to $43.00 by Analysts at Craig Hallum

Vicor (NASDAQ:VICR) had its price objective boosted by Craig Hallum from $35.00 to $43.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the electronics maker’s stock. Craig Hallum’s price target would indicate a potential downside of 6.01% from the company’s previous close.

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

Vicor Price Performance

Vicor stock opened at $45.75 on Wednesday. The stock has a market capitalization of $2.06 billion, a PE ratio of 77.54 and a beta of 1.51. Vicor has a 12 month low of $30.90 and a 12 month high of $54.19. The business has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $36.45.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a return on equity of 4.98% and a net margin of 7.20%. The business’s revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share.

Insider Buying and Selling

In related news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the completion of the sale, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new position in Vicor during the third quarter worth $42,000. GAMMA Investing LLC lifted its stake in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after acquiring an additional 303 shares in the last quarter. Headlands Technologies LLC lifted its stake in 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 acquiring an additional 570 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in 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 acquiring an additional 877 shares in the last quarter. Institutional investors and hedge funds 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.