Craig Hallum Forecasts Strong Price Appreciation for Vicor (NASDAQ:VICR) Stock

Vicor (NASDAQ:VICR) had its price target boosted by investment analysts at Craig Hallum to $450.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Craig Hallum’s target price suggests a potential upside of 26.12% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC increased their price target on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reissued a “buy” rating and set a $375.00 target price (up from $285.00) on shares of Vicor in a research report on Monday. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Vicor has an average rating of “Buy” and an average target price of $408.33.

Vicor Price Performance

Shares of Vicor stock traded up $25.43 during trading on Monday, hitting $356.80. The company’s stock had a trading volume of 142,068 shares, compared to its average volume of 812,845. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 120.97 and a beta of 2.36. Vicor has a 52 week low of $41.76 and a 52 week high of $365.00. The stock has a 50-day moving average price of $275.42 and a two-hundred day moving average price of $193.50.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, equities analysts predict that Vicor will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Sean Crilly sold 2,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $282.52, for a total value of $706,300.00. Following the transaction, the vice president directly owned 7,229 shares of the company’s stock, valued at $2,042,337.08. The trade was a 25.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Claudio Tuozzolo sold 730 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $292.89, for a total value of $213,809.70. Following the sale, the vice president directly owned 13,240 shares of the company’s stock, valued at $3,877,863.60. This represents a 5.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 470,099 shares of company stock valued at $118,433,183. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. bought a new stake in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. bought a new position in Vicor during the fourth quarter worth $32,000. Allworth Financial LP grew its holdings in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. bought a new stake in Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. increased its stake in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.