Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides custom power systems solutions. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation markets. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: vicorpower.com
| 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 |
| 10/22/2021 | $125.00 → $165.00 | Buy | Needham |
| 10/4/2021 | $150.00 → $200.00 | Buy | Craig-Hallum |
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
ANDOVER, Mass., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today announced that, on September 27, Administrative Law Judge Cameron Elliot of the U.S. International Trade Commission issued an Initial Determination of a Section 337 violation in the importation into the United States of certain power converter modules and computing systems containing those modules that infringe asserted claims of U.S. Patent Nos. 9,516,761 and 9,166,481. The Initial Determination also found that respondents to the investigation, including contract manufacturers of computing systems, do not possess a license to practice any claim of the asserted patents. Subject to its Final Determina
ANDOVER, Mass., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) (the "Company") today disclosed facts that formed the basis for forward-looking statements about an expected revenue ramp, made in the Company's July 25, 2023 Earnings Call, that were alleged to be untrue in recently-filed securities litigation against the Company. These statements were true when made on the basis of the facts outlined below. As of July 25, 2023, the Company had booked over $30 million in Non-Cancellable, Non-Returnable orders (the "NCNR Orders") from a significant customer (the "Customer") reflecting what the Company understood to be the Customer's allocation for a new program (the "New Pr
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., July 18, 2024 (GLOBE NEWSWIRE) -- Less than two years ago, two Saab UK remotely-operated vehicles (ROVs) descended over 3,000 meters into the frigid Antarctic waters in search of Sir Ernest Shackleton's ship, Endurance, which sank in 1915. The story of the British explorer is a legendary tale of courageous leadership and perseverance. Saab's ROVs were integral to the mission's success, using sophisticated technology to locate, examine and film the wreckage, thus eliminating the need to endanger human lives for deep-sea exploration. Historically, commercial divers have taken great risks to inspect oil and gas pipelines, high-voltage electrical cables, wind turbines and othe
ANDOVER, Mass., July 11, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its second quarter 2024 earnings conference call and webcast on Tuesday, July 23, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and six months ended June 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 second quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on July 23, 2024, and the press
ANDOVER, Mass., June 26, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today announced that, on June 24, 2024, the United States District Court for the District of Massachusetts granted a preliminary injunction barring subsidiaries of Foxconn from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission ("CIETAC"). The Foxconn subsidiaries had sought to obtain a ruling from CIETAC that small print in their purchase orders for Vicor power modules entitled them to royalty-free licenses to Vicor patents, including patents asserted in a pending investigation in the United States International Trade Commission ("ITC"). An ITC exclus
ANDOVER, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today announced that the Patent Trial and Appeal Board ("PTAB") of the United States Patent and Trademark Office ("USPTO") has denied institution of Inter Partes Review ("IPR") of all patents asserted by Vicor against Delta Electronics ("Delta") and downstream customers at the International Trade Commission ("ITC"). On July 13, 2023, Vicor filed a complaint at the ITC against Delta alleging infringement of three Vicor patents: U.S. Patent Nos. 9,166,481 (the "‘481 patent"); 9,516,761 (the "‘761 patent") and 10,199,950 (the "'950 patent") ("the asserted patents"). On August 17, 2023, the ITC instituted an inv
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., July 11, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its second quarter 2024 earnings conference call and webcast on Tuesday, July 23, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and six months ended June 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 second quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on July 23, 2024, and the press
ANDOVER, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the first quarter ended March 31, 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 first quarter ended March 31, 2024 totaled $83.9 million, a 14.3% decrease from $97.8 million for the corresponding period a year ago, and a 9.5% sequential decrease from $92.7 million in the fourth quarter of 2023. Gross margin decreased to $45.1 million for the first quarter of 2024, compared to $46.5 million for the corresponding period a year ago, an
ANDOVER, Mass., April 09, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its first quarter 2024 earnings conference call and webcast on Tuesday, April 23, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three months ended March 31, 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 first quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on April 23, 2024, and the press releas
ANDOVER, Mass., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the fourth quarter and year ended December 31, 2023. 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 fourth quarter ended December 31, 2023 totaled $92.7 million, a 12.2% decrease from $105.5 million for the corresponding period a year ago, and a 14.1% sequential decrease from $107.8 million in the third quarter of 2023. Gross margin decreased to $47.3 million for the fourth quarter of 2023, compared to $49.1 million for the corresponding pe
ANDOVER, Mass., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its fourth quarter 2023 earnings conference call and webcast on Thursday, February 22, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and twelve months ended December 31, 2023 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 fourth quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on February 22, 2024
ANDOVER, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) today reported financial results for the third quarter ended September 30, 2023. 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, 2023 totaled $107.8 million, a 4.6% increase from $103.1 million for the corresponding period a year ago, and a 1.0% sequential increase from $106.7 million in the second quarter of 2023. Gross margin increased to $55.9 million for the third quarter of 2023, compared to $47.0 million for the corresponding period a yea
ANDOVER, Mass., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ:VICR) announced today it will hold its third quarter 2023 earnings conference call and webcast on Tuesday, October 24, 2023 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, 2023 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 24, 2023, and
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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
ANDOVER, Mass., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today announced the appointment of David Krakauer as Vice President of Corporate Marketing and Channel Strategy. Mr. Krakauer will oversee all marketing activities including corporate branding, promotion, and communications, as well as channel marketing and sales enablement. Prior to joining Vicor, Mr. Krakauer was responsible for corporate marketing and customer experience at Analog Devices where he also held prior roles managing successful product lines. Mr. Krakauer has a BSEE and MSEE from the Massachusetts Institute of Technology as well as an MBA from the MIT Sloan School of Management. Vicor
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.
Vicor Corporation (NASDAQ:VICR) today announced that, on June 24, 2024, the United States District Court for the District of Massachusetts granted a preliminary injunction barring subsidiaries of Foxconn from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission ("CIETAC").
Needham analyst Quinn Bolton reiterates Vicor (NASDAQ:VICR) with a Hold.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and cut FY24 adjusted EPS guidance. Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from Benzinga Pro. Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) gained 136% to $0.3570. BranchOu
Craig-Hallum analyst Richard Shannon maintains Vicor (NASDAQ:VICR) with a Hold and lowers the price target from $40 to $35.
Needham analyst Quinn Bolton reiterates Vicor (NASDAQ:VICR) with a Hold.
Vicor (NASDAQ:VICR) reported quarterly earnings of $0.06 per share which met the analyst consensus estimate. This is a 76 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $83.872 million which missed the analyst consensus estimate of $84.833 million by 1.13 percent. This is a 14.26 percent decrease over sales of $97.816 million the same period last year.
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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
Craig Hallum downgraded Vicor from Buy to Hold and set a new price target of $45.00 from $70.00 previously
CJS Securities upgraded Vicor from Market Perform to Market Outperform and set a new price target of $63.00
Needham reiterated coverage of Vicor with a rating of Buy and set a new price target of $65.00 from $75.00 previously
CJS Securities downgraded Vicor from Market Outperform to Market Perform
Needham reiterated coverage of Vicor with a rating of Buy and set a new price target of $130.00 from $165.00 previously
Needham reiterated coverage of Vicor with a rating of Buy and set a new price target of $165.00 from $125.00 previously
Craig-Hallum reiterated coverage of Vicor with a rating of Buy and set a new price target of $200.00 from $150.00 previously
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