Craig-Hallum lowered the firm’s price target on Vicor to $35 from $40 and keeps a Hold rating on the shares. The firm notes Vicor’s report and guide were as expected, as 2024 continues to be a transition year. Craig-Hallum remains constructive on the technology differentiation of Vicor’s 2nd gen VPD, or vertical power delivery, technology, but wants to see design wins and clearer signs of competitive separation.
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