Vicor (NASDAQ:VICR) PT Lowered to $35.00 at Craig Hallum

Vicor (NASDAQ:VICR) had its price objective dropped by research analysts at Craig Hallum from $40.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. Craig Hallum’s target price would suggest a potential upside of 9.72% from the company’s current price.

A number of other research analysts have also weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a report on Saturday.

Vicor Trading Down 9.3 %

NASDAQ VICR traded down $3.28 on Wednesday, hitting $31.90. 310,040 shares of the company were exchanged, compared to its average volume of 265,088. Vicor has a 12 month low of $31.76 and a 12 month high of $98.38. The company has a market cap of $1.42 billion, a PE ratio of 26.77 and a beta of 1.53. The stock has a fifty day moving average of $38.12 and a 200-day moving average of $40.36.

Vicor (NASDAQ:VICR) last issued 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 firm had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. Vicor had a net margin of 13.23% and a return on equity of 10.45%. The business’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.

Insiders Place Their Bets

In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred 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 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 the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,999 shares of company stock valued at $184,990. Insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Commonwealth Equity Services LLC purchased a new position in shares of Vicor in the third quarter worth about $232,000. Raymond James & Associates bought a new stake in Vicor during the 3rd quarter valued at $471,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Vicor during the third quarter worth $259,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Vicor by 35.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock worth $260,000 after acquiring an additional 1,167 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Vicor in the third quarter valued at $259,000. 47.45% of the stock is currently owned by institutional investors.

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.