Vicor (NASDAQ:VICR) Shares Gap Down to $40.05

Vicor Co. (NASDAQ:VICR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $40.05, but opened at $38.82. Vicor shares last traded at $38.43, with a volume of 36,540 shares changing hands.

Analysts Set New Price Targets

VICR has been the topic of a number of recent research reports. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $80.00 in a research note on Wednesday, July 26th. Needham & Company LLC lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, StockNews.com began coverage on shares of Vicor in a research report on Thursday, October 5th. They set a “hold” rating on the stock.

Vicor Price Performance

The business’s fifty day moving average is $50.01 and its 200-day moving average is $57.34. The firm has a market cap of $1.72 billion, a PE ratio of 33.94 and a beta of 1.43.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 24th. The electronics maker reported $0.37 earnings per share (EPS) for the quarter. Vicor had a net margin of 12.68% and a return on equity of 10.73%. The business had revenue of $107.84 million during the quarter.

Hedge Funds Weigh In On Vicor

Several large investors have recently modified their holdings of VICR. PNC Financial Services Group Inc. increased its stake in shares of Vicor by 77.2% in the second quarter. PNC Financial Services Group Inc. now owns 817 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 356 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Vicor by 51.8% in the third quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Vicor by 51.9% in the third quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 339 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Vicor by 109.3% in the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after purchasing an additional 469 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Vicor by 132.4% in the first quarter. Covestor Ltd now owns 960 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Vicor

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 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.