In a report released today, Richard Shannon from Craig-Hallum maintained a Hold rating on Vicor (VICR – Research Report). The company’s shares closed yesterday at $54.54.
Shannon covers the Technology sector, focusing on stocks such as POET Technologies, Ouster, and Emcore. According to TipRanks, Shannon has an average return of 9.0% and a 48.73% success rate on recommended stocks.
Currently, the analyst consensus on Vicor is a Moderate Buy with an average price target of $55.00.
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The company has a one-year high of $82.40 and a one-year low of $38.71. Currently, Vicor has an average volume of 292K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VICR in relation to earlier this year. Earlier this month, Michael Mcnamara, the General Manager Mfg. Ops of VICR sold 10,000.00 shares for a total of $563,107.74.
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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. The VI Chip segment offers advanced power component products, through the company’s subsidiary VI Chip Corp. The Picor segment includes integrated circuits and related products for use in a variety of power system applications. The Corporate segment consists of those operations and assets shared by all operating segments. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.
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