Analysts Set Vicor Corp (NASDAQ:VICR) Target Price at $41.75

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Shares of Vicor Corp (NASDAQ:VICR) have been assigned an average rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.75.

Several analysts have recently commented on the company. ValuEngine downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Needham & Company LLC increased their price objective on Vicor from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Northland Securities set a $39.00 price objective on Vicor and gave the stock a “buy” rating in a research note on Friday, October 18th. Zacks Investment Research downgraded Vicor from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Craig Hallum assumed coverage on Vicor in a research note on Monday, August 12th. They issued a “buy” rating and a $43.00 price objective for the company.

In other Vicor news, VP Alex Gusinov sold 700 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $37.50, for a total transaction of $26,250.00. Following the completion of the transaction, the vice president now directly owns 12,360 shares of the company’s stock, valued at $463,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samuel J. Anderson sold 5,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the director now directly owns 5,223 shares of the company’s stock, valued at $208,920. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,701 shares of company stock valued at $1,164,275. 56.06% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank grew its holdings in Vicor by 12.1% during the third quarter. Comerica Bank now owns 17,093 shares of the electronics maker’s stock valued at $583,000 after purchasing an additional 1,850 shares during the period. Morgan Stanley grew its holdings in Vicor by 162.9% during the second quarter. Morgan Stanley now owns 143,148 shares of the electronics maker’s stock valued at $4,444,000 after purchasing an additional 88,700 shares during the period. Invesco Ltd. grew its holdings in Vicor by 616.0% during the second quarter. Invesco Ltd. now owns 583,911 shares of the electronics maker’s stock valued at $18,130,000 after purchasing an additional 502,364 shares during the period. Janney Montgomery Scott LLC grew its holdings in Vicor by 44.5% during the third quarter. Janney Montgomery Scott LLC now owns 107,873 shares of the electronics maker’s stock valued at $3,184,000 after purchasing an additional 33,232 shares during the period. Finally, Garnet Equity Capital Holdings Inc. bought a new position in Vicor during the third quarter valued at $1,181,000. 28.33% of the stock is owned by institutional investors and hedge funds.

Shares of Vicor stock traded up $0.68 on Friday, hitting $41.09. The company had a trading volume of 15,075 shares, compared to its average volume of 182,988. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 52.54 and a beta of 0.74. Vicor has a 1 year low of $26.50 and a 1 year high of $49.27. The stock has a 50 day moving average of $38.29 and a 200-day moving average of $32.64.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, October 17th. The electronics maker reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $71.00 million. Vicor had a return on equity of 10.21% and a net margin of 7.20%. As a group, analysts anticipate that Vicor will post 0.45 EPS for the current year.

Vicor Company Profile

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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