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

Vicor (NASDAQ:VICR - Get Free Report) had its price objective cut by equities researchers at Craig Hallum from $40.00 to $35.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the electronics maker's stock. Craig Hallum's price objective would suggest a potential upside of 9.27% from the company's current price.

VICR has been the topic of a number of other research reports. StockNews.com upgraded shares of Vicor from a "sell" rating to a "hold" rating in a report on Saturday. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research report on Wednesday.

Vicor Stock Down 9.0 %

NASDAQ:VICR traded down $3.15 during trading hours on Wednesday, reaching $32.03. 686,284 shares of the company's stock were exchanged, compared to its average volume of 270,020. The company has a market capitalization of $1.42 billion, a P/E ratio of 26.77 and a beta of 1.53. Vicor has a 12 month low of $30.92 and a 12 month high of $98.38. The business's 50-day simple moving average is $38.12 and its two-hundred day simple moving average is $40.36.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The business's revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.

Insider Buying and Selling

In other Vicor news, VP Robert Gendron sold 2,000 shares of the 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 completion of the sale, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Kemble D. Morrison sold 2,659 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,999 shares of company stock worth $184,990. 31.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. Byrne Asset Management LLC acquired a new stake in shares of Vicor in the fourth quarter worth about $35,000. PNC Financial Services Group Inc. lifted its holdings in Vicor by 37.5% in the 4th 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 boosted its position in Vicor by 30.0% during 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 period. Federated Hermes Inc. grew its holdings in Vicor by 913.5% during the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker's stock valued at $204,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in Vicor during the third quarter valued at approximately $232,000. 47.45% of the stock is currently owned by 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.