Craig Hallum Upgrades Vicor (NASDAQ:VICR) to Buy

Key Points

• Craig Hallum upgraded Vicor (NASDAQ:VICR) from a "hold" rating to a "buy" rating, setting a target price of $90.00, representing a potential upside of 36.78% from the previous close.
• Vicor recently reported significant quarterly earnings, beating expectations with $0.63 earnings per share compared to a consensus estimate of $0.20 and achieving a revenue increase of 18.5% year-over-year.
• In addition to Craig Hallum's upgrade, Wall Street Zen also raised its rating on Vicor from "hold" to "buy," indicating growing positive sentiment among analysts.

Vicor (NASDAQ:VICR - Get Free Report) was upgraded by stock analysts at Craig Hallum from a "hold" rating to a "buy" rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has a $90.00 target price on the electronics maker's stock. Craig Hallum's target price points to a potential upside of 36.78% from the company's previous close.

VICR has been the topic of a number of other reports. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $90.00.

Vicor Price Performance

NASDAQ:VICR opened at $65.80 on Wednesday. Vicor has a fifty-two week low of $38.92 and a fifty-two week high of $68.67. The stock has a market capitalization of $2.96 billion, a PE ratio of 45.07 and a beta of 1.73. The business's 50-day simple moving average is $51.51 and its 200-day simple moving average is $47.45.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The business had revenue of $110.42 million for the quarter, compared to analysts' expectations of $95.40 million. During the same quarter in the previous year, the business posted $0.26 EPS. Vicor's revenue for the quarter was up 18.5% on a year-over-year basis.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Vicor during the 1st quarter worth approximately $1,160,000. Principal Financial Group Inc. raised its stake in shares of Vicor by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock worth $5,375,000 after purchasing an additional 2,766 shares in the last quarter. Nuveen LLC bought a new stake in shares of Vicor during the 1st quarter worth approximately $8,024,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Vicor by 19.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker's stock worth $1,530,000 after purchasing an additional 5,408 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of Vicor during the 1st quarter worth approximately $57,000. 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, 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.

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