Vicor (NASDAQ:VICR) Price Target Lowered to $100.00 at Needham & Company LLC

Vicor (NASDAQ:VICRGet Rating) had its price target decreased by stock analysts at Needham & Company LLC from $130.00 to $100.00 in a note issued to investors on Friday, The Fly reports. Needham & Company LLC’s price target would indicate a potential upside of 68.04% from the company’s current price.

A number of other equities analysts have also recently issued reports on VICR. Craig Hallum dropped their price objective on shares of Vicor from $200.00 to $130.00 in a research note on Friday, February 25th. StockNews.com assumed coverage on shares of Vicor in a research note on Thursday, March 31st. They issued a “hold” rating for the company. CJS Securities cut shares of Vicor from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 23rd. Finally, TheStreet cut shares of Vicor from a “b-” rating to a “c+” rating in a research note on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $112.75.

Shares of Vicor stock opened at $59.51 on Friday. Vicor has a fifty-two week low of $58.67 and a fifty-two week high of $164.76. The firm has a fifty day moving average price of $75.00 and a two-hundred day moving average price of $110.28. The company has a market cap of $2.60 billion, a PE ratio of 47.23 and a beta of 0.83.

Vicor (NASDAQ:VICRGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The electronics maker reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). Vicor had a net margin of 15.76% and a return on equity of 14.17%. The company had revenue of $88.28 million during the quarter, compared to the consensus estimate of $93.70 million. Vicor’s revenue was down .6% on a year-over-year basis.

In other Vicor news, CAO Richard J. Nagel, Jr. sold 708 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $77.37, for a total transaction of $54,777.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 33.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Vicor in the 3rd quarter valued at about $28,000. Rockefeller Capital Management L.P. bought a new position in shares of Vicor in the 3rd quarter valued at about $29,000. Ulland Investment Advisors LLC bought a new position in shares of Vicor in the 4th quarter valued at about $49,000. Covestor Ltd bought a new position in shares of Vicor in the 4th quarter valued at about $53,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Vicor in the 4th quarter valued at about $80,000. 40.41% of the stock is currently owned by institutional investors.

Vicor Company Profile (Get Rating)

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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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