In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on Vicor (VICR – Research Report). The company’s shares closed yesterday at $88.00.
According to TipRanks, Shannon is a 4-star analyst with an average return of 8.0% and a 47.04% success rate. Shannon covers the Technology sector, focusing on stocks such as Everspin Technologies, MACOM Technology Solutions Holdings, and Ambarella.
Vicor has an analyst consensus of Moderate Buy, with a price target consensus of $75.00, representing a -14.77% downside. In a report released on July 26, Needham also maintained a Buy rating on the stock with a $75.00 price target.
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Based on Vicor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $97.82 million and a net profit of $11.25 million. In comparison, last year the company earned a revenue of $88.28 million and had a net profit of $4.9 million
Based on the recent corporate insider activity of 16 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. Last month, Doyle Alvaro, the VP and CIO of VICR sold 1,661.00 shares for a total of $158,375.25.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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