Northland Securities analyst Gus Richard maintained a Buy rating on Vicor Corp (VICR) today and set a price target of $39.00. The company’s shares closed last Monday at $32.79.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 20.1% and a 66.2% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Northern Technologies International Corp, Adesto Technologies Corp, and SolarEdge Technologies.
Currently, the analyst consensus on Vicor Corp is a Strong Buy with an average price target of $41.33, implying a 29.7% upside from current levels. In a report issued on October 8, Needham also initiated coverage with a Buy rating on the stock with a $42.00 price target.
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Based on Vicor Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.56 million. In comparison, last year the company had a net profit of $13.01 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.
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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.
