Vicor (NASDAQ:VICR) Given New $35.00 Price Target at Craig Hallum

Vicor (NASDAQ:VICR) had its price target cut by Craig Hallum from $40.00 to $35.00 in a research report released on Wednesday, Benzinga reports. They currently have a hold rating on the electronics maker’s stock.

A number of other research firms 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 Vicor stock opened at $32.03 on Wednesday. Vicor has a 1 year low of $30.92 and a 1 year high of $98.38. The firm has a market cap of $1.42 billion, a PE ratio of 32.03 and a beta of 1.53. The company has a 50 day simple moving average of $37.89 and a two-hundred day simple moving average of $40.30.

Vicor (NASDAQ:VICR) last announced its 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 company had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue was down 14.3% on a year-over-year basis.

Insiders Place Their Bets

In other news, VP Kemble D. Morrison sold 2,659 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Robert Gendron sold 2,000 shares of the business’s 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 transaction, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s 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 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. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Vicor by 37.5% during the 4th 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 during the period. Swiss National Bank grew its holdings in shares of Vicor by 1.4% during the 3rd quarter. Swiss National Bank now owns 50,032 shares of the electronics maker’s stock worth $2,946,000 after acquiring an additional 700 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 706 shares during the period. Bouvel Investment Partners LLC grew its holdings in shares of Vicor by 4.3% during the 4th quarter. Bouvel Investment Partners LLC now owns 17,022 shares of the electronics maker’s stock worth $765,000 after acquiring an additional 708 shares during the period. Finally, Byrne Asset Management LLC purchased a new position in shares of Vicor during the 4th quarter worth approximately $35,000. Hedge funds and other 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.