Vicor Corp (NASDAQ:VICR) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $36.00 for the company, according to Zacks. Zacks has also given Vicor an industry rank of 195 out of 255 based on the ratings given to its competitors.
Several brokerages have recently commented on VICR. BidaskClub lowered Vicor from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. TheStreet lowered Vicor from a “b-” rating to a “c+” rating in a research report on Monday, February 25th. Finally, Northland Securities began coverage on Vicor in a research report on Wednesday, April 10th. They set an “outperform” rating and a $36.00 price objective on the stock.
Shares of Vicor stock opened at $31.22 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 40.03 and a beta of 0.49. Vicor has a 12 month low of $28.75 and a 12 month high of $64.50.
In other Vicor news, Director Samuel J. Anderson sold 9,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $30.95, for a total transaction of $281,397.40. Following the completion of the sale, the director now owns 15,223 shares of the company’s stock, valued at $471,151.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 37.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VICR. Dimensional Fund Advisors LP raised its stake in Vicor by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 446,722 shares of the electronics maker’s stock worth $20,549,000 after purchasing an additional 14,204 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Vicor during the 4th quarter worth about $416,000. BlackRock Inc. raised its position in shares of Vicor by 2.6% during the 3rd quarter. BlackRock Inc. now owns 2,361,663 shares of the electronics maker’s stock worth $108,636,000 after buying an additional 59,495 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vicor by 103.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,889 shares of the electronics maker’s stock worth $1,466,000 after purchasing an additional 16,196 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Vicor by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 34,607 shares of the electronics maker’s stock worth $1,579,000 after purchasing an additional 1,969 shares during the last quarter. Institutional investors and hedge funds own 30.70% of the company’s stock.
Vicor Company Profile
Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components and complete power systems based upon a portfolio of patented technologies. It operates through the following segments: Brick Business Unit, VI Chip, Picor, and Corporate. The Brick Business Unit provides modular power converters and configurable products.
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