Vicor Corporation (NASDAQ:VICR) shares traded -10.97% lower at $78.35 on Wall Street last session.
In accordance with the data, 3 analysts cover Vicor Corporation (NASDAQ:VICR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $72.00, we find $75.00. Given the previous closing price of $88.00, this indicates a potential downside of -14.77 percent. VICR stock price is now 31.73% away from the 50-day moving average and 46.21% away from the 200-day moving average. The market capitalization of the company currently stands at $3.46B.
It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $75.67 as their price target over the next twelve months.
With the price target enhanced from $60 to $80, Craig Hallum Upgraded its rating from Hold to Buy for Vicor Corporation (NASDAQ: VICR).
In other news, Doyle Alvaro, VP and CIO sold 25 shares of the company’s stock on Aug 01. The stock was sold for $2,209 at an average price of $88.37. Upon completion of the transaction, the VP and CIO now directly owns 42 shares in the company, valued at $3290.7. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Corp. Vice President Tuozzolo Claudio sold 1,733 shares of the business’s stock. A total of $164,551 was realized by selling the stock at an average price of $94.95. This leaves the insider owning 39,549 shares of the company worth $3.1 million. Insiders disposed of 55,741 shares of company stock worth roughly $4.37 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VICR stock. A new stake in Vicor Corporation shares was purchased by MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. during the first quarter worth $10,410,000. PINNACLE ASSOCIATES LTD invested $7,898,000 in shares of VICR during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Vicor Corporation valued at approximately $7,724,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in VICR for approximately $5,730,000. GSA CAPITAL PARTNERS LLP purchased a new stake in VICR valued at around $3,331,000 in the second quarter. In total, there are 274 active investors with 57.90% ownership of the company’s stock.
Vicor Corporation (NASDAQ: VICR) opened at $84.94 on Wednesday. During the past 12 months, Vicor Corporation has had a low of $38.71 and a high of $98.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.80, and a quick ratio of 4.80. According to the stock market information, the enterprise value for the company is $3.70B, which is based on a 92.07 price-to-earnings ratio, a 4.60 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for VICR is $60.07 and a two-hundred day moving average price translates $53.72 for the stock.
The latest earnings results from Vicor Corporation (NASDAQ: VICR) was released for Jun, 2023. According to the Electronic Components Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.17 by 0.18. This compares to $0.11 EPS in the same period last year. The net profit margin was 6.20% and return on equity was 5.50% for VICR. The company reported revenue of $97.82 million for the quarter, compared to $88.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.8 percent. For the current quarter, analysts expect VICR to generate $96.93M in revenue.
Vicor Corporation(VICR) 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 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. It also provides custom power systems solutions. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation markets. Vicor Corporation was incorporated in 1981 and is headquartered in Andover, Massachusetts.
