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

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

VICR has been the subject of several other research reports. Needham & Company LLC reiterated a hold rating on shares of Vicor in a research report on Wednesday. StockNews.com raised shares of Vicor from a sell rating to a hold rating in a report on Saturday, April 20th.

Vicor Price Performance

Shares of Vicor stock opened at $34.41 on Wednesday. The firm has a fifty day moving average price of $37.40 and a two-hundred day moving average price of $39.97. Vicor has a fifty-two week low of $30.90 and a fifty-two week 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 released its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 8.48% and a net margin of 11.49%. The business had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same period in the previous year, the business posted $0.25 earnings per share. Vicor’s revenue was down 14.3% on a year-over-year basis.

Insider Activity

In related news, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Vicor news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was 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 sold 4,999 shares of company stock valued at $184,990 in the last quarter. Company insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently added to or reduced their stakes in VICR. Vanguard Group Inc. increased its position in Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after buying an additional 285,699 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Vicor by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 469,026 shares of the electronics maker’s stock valued at $21,079,000 after purchasing an additional 12,013 shares during the period. Eagle Asset Management Inc. bought a new position in Vicor during the 3rd quarter worth $12,335,000. AWM Investment Company Inc. lifted its holdings in shares of Vicor by 54.8% during the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after buying an additional 72,526 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vicor by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 181,682 shares of the electronics maker’s stock valued at $8,165,000 after acquiring an additional 9,297 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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, 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.