Vicor (NASDAQ:VICR) PT Set at $42.00 by Needham & Company LLC

Vicor (NASDAQ:VICR) has been given a $42.00 target price by equities research analysts at Needham & Company LLC in a research note issued to investors on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 35.62% from the stock’s previous close.

Several other research analysts have also recently weighed in on VICR. ValuEngine raised Vicor from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub raised Vicor from a “hold” rating to a “buy” rating in a research report on Friday, October 11th. Craig Hallum began coverage on Vicor in a research report on Monday, August 12th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Zacks Investment Research raised Vicor from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Vicor currently has an average rating of “Buy” and an average target price of $40.00.

VICR stock traded down $1.82 during midday trading on Friday, hitting $30.97. The company’s stock had a trading volume of 635,079 shares, compared to its average volume of 185,972. The stock’s 50-day moving average price is $31.15 and its 200 day moving average price is $31.39. Vicor has a 1 year low of $26.50 and a 1 year high of $49.27. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 39.71 and a beta of 0.73.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, October 17th. The electronics maker reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Vicor had a return on equity of 10.38% and a net margin of 7.20%. The business had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $71.00 million. Research analysts expect that Vicor will post 0.45 earnings per share for the current year.

In other news, VP Alex Gusinov sold 5,060 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.50, for a total transaction of $159,390.00. Following the transaction, the vice president now owns 11,715 shares of the company’s stock, valued at approximately $369,022.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Claudio Tuozzolo sold 9,382 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $33.54, for a total value of $314,672.28. Following the transaction, the vice president now directly owns 25,665 shares in the company, valued at approximately $860,804.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,692 shares of company stock worth $481,817 in the last ninety days. Insiders own 56.06% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Vicor by 56.0% during the 2nd quarter. US Bancorp DE now owns 986 shares of the electronics maker’s stock valued at $31,000 after buying an additional 354 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Vicor during the 2nd quarter valued at $54,000. Bank of Montreal Can lifted its position in shares of Vicor by 178.6% during the 2nd quarter. Bank of Montreal Can now owns 2,329 shares of the electronics maker’s stock valued at $72,000 after buying an additional 1,493 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Vicor by 315.0% during the 2nd quarter. Royal Bank of Canada now owns 5,270 shares of the electronics maker’s stock valued at $164,000 after buying an additional 4,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Vicor during the 2nd quarter valued at $201,000. 28.46% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

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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