Vicor (NASDAQ:VICR) Given New $35.00 Price Target at Craig Hallum

Vicor (NASDAQ:VICR) had its price objective reduced by research analysts at Craig Hallum from $40.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. Craig Hallum’s target price would suggest a potential upside of 4.54% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday.

Vicor Stock Performance

Shares of VICR stock opened at $33.48 on Wednesday. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $98.38. The stock has a 50 day moving average price of $37.65 and a two-hundred day moving average price of $40.25. The company has a market capitalization of $1.49 billion, a P/E ratio of 33.48 and a beta of 1.53.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.59%. The company had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year.

Insider Activity at Vicor

In related news, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Insiders sold a total of 4,999 shares of company stock worth $184,990 over the last quarter. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after acquiring an additional 285,699 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Vicor in the third quarter worth $12,335,000. Principal Financial Group Inc. grew its stake in shares of Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after acquiring an additional 90,099 shares during the last quarter. AWM Investment Company Inc. grew its stake in shares of Vicor by 54.8% in the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after acquiring an additional 72,526 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Vicor by 84.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,747 shares of the electronics maker’s stock worth $8,819,000 after acquiring an additional 68,361 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.