Craig Hallum Cuts Vicor (NASDAQ:VICR) Price Target to $35.00

Vicor (NASDAQ:VICR) had its price objective decreased by Craig Hallum from $40.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. Craig Hallum currently has a hold rating on the electronics maker’s stock.

Several other analysts have also recently weighed in on VICR. Needham & Company LLC restated a hold rating on shares of Vicor in a research report on Wednesday. StockNews.com upgraded shares of Vicor from a sell rating to a hold rating in a research report on Saturday, April 20th.

Vicor Price Performance

Shares of VICR opened at $34.41 on Wednesday. The firm has a 50-day moving average of $37.40 and a 200-day moving average of $40.10. Vicor has a one year low of $30.90 and a one year high of $98.38. The company has a market cap of $1.53 billion, a PE ratio of 34.41 and a beta of 1.53.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. Vicor had a return on equity of 8.48% and a net margin of 11.49%. The business’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS.

Insiders Place Their Bets

In other Vicor news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a legal 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 company’s stock in a transaction on 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 document filed with the SEC, which is available through this link. Also, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders have sold 4,999 shares of company stock valued at $184,990 in the last ninety days. 31.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after buying an additional 303 shares during the last quarter. Swiss National Bank raised its holdings in Vicor by 1.4% during the third quarter. Swiss National Bank now owns 50,032 shares of the electronics maker’s stock worth $2,946,000 after buying an additional 700 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Vicor by 30.0% during the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after buying an additional 706 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in Vicor by 4.3% during the fourth quarter. Bouvel Investment Partners LLC now owns 17,022 shares of the electronics maker’s stock worth $765,000 after buying an additional 708 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Vicor during the fourth quarter worth $35,000. 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.