Vicor Corp (VICR) Receives a Buy from Northland Securities


In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Vicor Corp (VICR), with a price target of $39. The company’s shares closed yesterday at $30.35, close to its 52-week low of $28.76.

Richard observed:

“We don’t think this has changed. However, China trade trauma is a risk to the Company’s Brick business if it persists. We think the China risk is for the most part priced in and shares are not pricing in hyperscale opportunity at current levels. Maintain OP and PT.”

According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.0% and a 65.0% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Quantenna Communications, and Akoustis Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vicor Corp with a $39 average price target.

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The company has a one-year high of $64.50 and a one-year low of $28.76. Currently, Vicor Corp has an average volume of 200.3K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Allen Henderson, a Director at VICR sold 1,886 shares for a total of $69,914.

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.

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