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

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

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

Vicor Trading Down 9.0 %

Shares of NASDAQ:VICR opened at $32.03 on Wednesday. Vicor has a 12 month low of $30.92 and a 12 month high of $98.38. The company has a 50-day moving average price of $37.89 and a 200 day moving average price of $40.30. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 32.03 and a beta of 1.53.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.59%. The firm’s revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS.

Insider Transactions at Vicor

In other news, VP Robert Gendron sold 2,000 shares of the firm’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 transaction, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,999 shares of company stock valued at $184,990. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in Vicor in the fourth quarter worth $35,000. PNC Financial Services Group Inc. grew its holdings in Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 303 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Vicor by 30.0% in the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after purchasing an additional 706 shares during the last quarter. Federated Hermes Inc. grew its holdings in Vicor by 913.5% in the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock worth $204,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Vicor in the third quarter worth $232,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.