Vicor (NASDAQ:VICR) Research Coverage Started at Craig Hallum

Craig Hallum started coverage on shares of Vicor (NASDAQ:VICR) in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $43.00 target price on the electronics maker’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Northland Securities reissued a buy rating and issued a $39.00 price target on shares of Vicor in a research note on Wednesday, April 24th. BidaskClub raised shares of Vicor from a sell rating to a hold rating in a research note on Friday, July 19th. CJS Securities assumed coverage on shares of Vicor in a research note on Monday, June 10th. They issued a buy rating and a $40.00 price target on the stock. ValuEngine raised shares of Vicor from a hold rating to a buy rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Vicor from a hold rating to a sell rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $39.50.

Vicor stock opened at $28.78 on Monday. The company’s fifty day moving average price is $30.65 and its 200 day moving average price is $32.48. Vicor has a 1 year low of $26.50 and a 1 year high of $63.75. The stock has a market capitalization of $1.20 billion, a P/E ratio of 36.90 and a beta of 0.70.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). Vicor had a net margin of 9.53% and a return on equity of 14.37%. The company had revenue of $63.36 million during the quarter, compared to analyst estimates of $68.00 million. On average, sell-side analysts predict that Vicor will post 0.55 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC acquired a new position in shares of Vicor during the second quarter worth about $2,206,000. Cubist Systematic Strategies LLC acquired a new position in shares of Vicor during the second quarter worth about $201,000. Marshall Wace LLP acquired a new position in shares of Vicor during the second quarter worth about $306,000. Morgan Stanley grew its position in shares of Vicor by 162.9% during the second quarter. Morgan Stanley now owns 143,148 shares of the electronics maker’s stock worth $4,444,000 after buying an additional 88,700 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Vicor by 4.2% during the second quarter. AQR Capital Management LLC now owns 161,766 shares of the electronics maker’s stock worth $5,023,000 after buying an additional 6,513 shares in the last quarter. 28.53% of the stock is currently owned by institutional investors.

Vicor Company Profile

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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