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

Vicor (NASDAQ:VICR) had its price objective hoisted by Craig Hallum from $35.00 to $43.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the electronics maker’s stock.

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

Vicor Trading Up 13.7 %

VICR stock opened at $49.39 on Wednesday. The firm’s 50-day moving average is $39.19 and its two-hundred day moving average is $36.54. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 102.90 and a beta of 1.51. Vicor has a 52 week low of $30.90 and a 52 week high of $54.19.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.03% and a net margin of 6.08%. The firm had revenue of $93.17 million during the quarter, compared to the consensus estimate of $85.23 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Insider Buying and Selling

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the transaction, the vice president now owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.00% of the stock is currently owned by insiders.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC increased its position in shares of Vicor by 98.8% in the second 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. GAMMA Investing LLC grew its position in Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank acquired a new stake in Vicor during the 3rd quarter valued at $42,000. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 303 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its position in shares of Vicor by 66.7% in the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.