Vicor (NASDAQ:VICR) PT Lowered to $35.00

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

Several other equities analysts also recently commented on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday. StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th.

Vicor Trading Up 4.5 %

NASDAQ VICR opened at $33.48 on Wednesday. The firm’s fifty day moving average price is $37.65 and its two-hundred day moving average price is $40.25. Vicor has a 1 year low of $30.90 and a 1 year high of $98.38. The firm 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 posted its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a return on equity of 8.59% and a net margin of 11.49%. The firm had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue was down 14.3% compared to the same quarter last year.

Insider Buying and Selling at Vicor

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vicor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock worth $10,152,000 after acquiring an additional 5,199 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Vicor in the 3rd quarter valued at approximately $760,000. Teachers Retirement System of The State of Kentucky raised its holdings in Vicor by 12.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker’s stock valued at $1,311,000 after buying an additional 2,400 shares during the last quarter. Aigen Investment Management LP bought a new position in Vicor during the 3rd quarter worth approximately $1,241,000. Finally, Principal Financial Group Inc. raised its holdings in Vicor by 105.9% during the 3rd quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after purchasing an additional 90,099 shares during the last quarter. Institutional investors 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.