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 $53.21.
According to TipRanks, Shannon is an analyst with an average return of -2.2% and a 36.62% success rate. Shannon covers the Technology sector, focusing on stocks such as Tower, Emcore, and Coherent Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vicor with a $75.00 average price target.
See Insiders’ Hot Stocks on TipRanks >>
VICR market cap is currently $1.73B and has a P/E ratio of 62.54.
Based on the recent corporate insider activity of 18 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. Most recently, in July 2023, 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 (VICR) Company Description:
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.
Read More on VICR:
- VICR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Floor & Decor to replace Vicor in S&P 400 at open on 10/20
- Vicor to replace Circor in S&P 600 at open on 10/20
- Vicor jumps 4% to $55.72 after inclusion in S&P 600
- C-Power bolsters the marine economy by harnessing wave power for remote applications
