Northland Securities analyst Gus Richard maintained a Buy rating on Vicor Corp (VICR) today and set a price target of $39. The company’s shares closed yesterday at $33.42, close to its 52-week low of $27.82.
Richard said:
“We believe the Company’s design win momentum remains robust. Reiterate our $39 PT and OP rating.”
According to TipRanks.com, Richard is a 5-star analyst with an average return of 23.5% and a 68.6% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, SolarEdge Technologies, and Akoustis Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vicor Corp with a $39.50 average price target.
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Based on Vicor Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $4.29 million. In comparison, last year the company had a net profit of $7.86 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Allen Henderson, a Director at VICR sold 1,886 shares for a total of $69,914.
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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.
