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Needham Maintains Their Buy Rating on Vicor (VICR)

Needham analyst Quinn Bolton maintained a Buy rating on Vicor (VICRResearch Report) today and set a price target of $75.00. The company’s shares closed last Thursday at $55.82, close to its 52-week low of $50.22.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 44.2% and a 70.5% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Rockley Photonics Holdings.

Currently, the analyst consensus on Vicor is a Moderate Buy with an average price target of $75.00.

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Vicor’s market cap is currently $2.42B and has a P/E ratio of 53.94.

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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. The VI Chip segment offers advanced power component products, through the company’s subsidiary VI Chip Corp. The Picor segment includes integrated circuits and related products for use in a variety of power system applications. The Corporate segment consists of those operations and assets shared by all operating segments. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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