Needham reiterated coverage on Vicor with a new price target
$VICR
Industrial Machinery/Components
Technology
Needham reiterated coverage of Vicor with a rating of Buy and set a new price target of $65.00 from $75.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $40.00 | Buy → Hold | Craig Hallum |
| 10/25/2023 | Buy → Hold | Needham | |
| 7/26/2023 | $60.00 → $80.00 | Hold → Buy | Craig Hallum |
| 2/24/2023 | $70.00 → $45.00 | Buy → Hold | Craig Hallum |
| 10/26/2022 | $63.00 | Market Perform → Market Outperform | CJS Securities |
| 10/11/2022 | $75.00 → $65.00 | Buy | Needham |
| 3/23/2022 | Market Outperform → Market Perform | CJS Securities | |
| 2/25/2022 | $165.00 → $130.00 | Buy | Needham |
ANDOVER, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the third quarter ended September 30, 2024. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are below. Revenues for the third quarter ended September 30, 2024 totaled $93.2 million, a 13.6% decrease from $107.8 million for the corresponding period a year ago, and an 8.5% sequential increase from $85.9 million in the second quarter of 2024. Gross margin decreased to $45.7 million for the third quarter of 2024, compared to $55.9 million for the corresponding period a yea
ANDOVER, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Vicor has released three automotive-grade power modules, delivering industry-leading power density and accelerating the adoption of 48V zonal architectures. The BCM6135, DCM3735 and PRM3735 support 48V power distribution in vehicles, with 800V-to-48V conversion, 48V regulation and 48V-to-12V regulation and conversion for legacy 12V subsystems. All three modules can be arrayed to scale up power levels, offering significant power system weight reduction. About VicorVicor is the leader in high-performance power modules, enabling customer innovation with easy-to-deploy modular power system solutions for power delivery networks that provid
ANDOVER, Mass., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its third quarter 2024 earnings conference call and webcast on Tuesday, October 22, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and nine months ended September 30, 2024 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing. Results for the third quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on October 22, 2024, and
4 - VICOR CORP (0000751978) (Issuer)
4 - VICOR CORP (0000751978) (Issuer)
4 - VICOR CORP (0000751978) (Issuer)
Craig Hallum downgraded Vicor from Buy to Hold and set a new price target of $40.00
Needham downgraded Vicor from Buy to Hold
Craig Hallum upgraded Vicor from Hold to Buy and set a new price target of $80.00 from $60.00 previously
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10-Q - VICOR CORP (0000751978) (Filer)
8-K - VICOR CORP (0000751978) (Filer)
10-Q - VICOR CORP (0000751978) (Filer)
ANDOVER, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the third quarter ended September 30, 2024. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are below. Revenues for the third quarter ended September 30, 2024 totaled $93.2 million, a 13.6% decrease from $107.8 million for the corresponding period a year ago, and an 8.5% sequential increase from $85.9 million in the second quarter of 2024. Gross margin decreased to $45.7 million for the third quarter of 2024, compared to $55.9 million for the corresponding period a yea
ANDOVER, Mass., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its third quarter 2024 earnings conference call and webcast on Tuesday, October 22, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and nine months ended September 30, 2024 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing. Results for the third quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on October 22, 2024, and
ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the second quarter ended June 30, 2024. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are below. Revenues for the second quarter ended June 30, 2024 totaled $85.9 million, a 19.6% decrease from $106.7 million for the corresponding period a year ago, and a 2.4% sequential increase from $83.9 million in the first quarter of 2024. Gross margin decreased to $42.8 million for the second quarter of 2024, compared to $55.2 million for the corresponding period a year ago and
ANDOVER, Mass., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today announced the appointment of Chinmaya Joshi ("CJ") as Global Automotive Segment Director. Chinmaya joins Vicor from the Jaguar Land Rover group where he served as a Senior Manager for powertrain power electronics. Chinmaya brings deep automotive industry experience, leading DC-DC converter design and development teams for HEV, PHEV and BEV vehicle platforms for over ten years. His primary role at Vicor will be to support the expansion of the OEM customer base, tier-one suppliers and automotive system partners through high-density modular solutions for electrification. "To address fleet electrification
Oslo, Norway – 21 April 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has appointed James A. Simms as Chief Financial Officer with effect from 26 April 2021. Mr. Simms is an accomplished executive, with extensive experience with publicly-listed companies across high technology. Since 2008, he has served as Chief Financial Officer and a member of the Board of Directors of Vicor Corporation (NASDAQ:VICR), for which he played a key role in repositioning the company strategically and organizationally, leading to an order of magnitude expansion of market capitalization. Prior to joining Vicor Corporation, Mr. Simms was an
ANDOVER, Mass., April 06, 2021 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today announced the appointment of James F. Schmidt as Chief Financial Officer, effective June 1, 2021. Mr. Schmidt will join the Vicor Board of Directors and serve as the company’s Treasurer and Secretary. Mr. Schmidt joins Vicor from Analog Devices after a 35-year career which started in a wafer fab and included leadership positions in Finance, Engineering, Operations and Sales. Mr. Schmidt has a BS in Chemical Engineering from the University of Cincinnati and an MBA from the University of North Carolina at Greensboro. Vicor’s CEO Patrizio Vinciarelli commented, “We are pleased to have Jim join our te
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Needham analyst Quinn Bolton reiterates Vicor (NASDAQ:VICR) with a Hold.
Vicor (NASDAQ:VICR) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $0.05 by 160 percent. This is a 107.89 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $85.854 million which beat the analyst consensus estimate of $81.767 million by 5.00 percent. This is a 19.57 percent decrease over sales of $106.747 million the same period last year.