|Over a week ago|
Vicor price target raised to $120 from $110 at Craig-Hallum » 08:1904/2304/23/21
Craig-Hallum analyst Richard Shannon raised the firm's price target on Vicor to $120 from $110 and keeps a Buy rating on the shares. Shannon says Vicor's Q1 results were strong, although not as much from Advanced products as expected, and is guiding to the potential of 7% q/q sales growth from Q2-Q4, the analyst tells investors in a research note.
Fly Intel: After-Hours Movers » 19:0404/2204/22/21
HOG, STX, INTC, QDEL, SLAB, SWKS, KN, CE, WWE, VICR, BJRI, SNAP, SAM, SKX, MAT
Check out this evening's…
Vicor reports Q1 EPS 34c, consensus 25c » 16:1404/2204/22/21
Reports Q1 revenue…
Reports Q1 revenue $88.8M, consensus $86.71M. First quarter bookings increased 41.2% to $98.9M, from $70.1M for the corresponding period a year ago, and increased sequentially 8.1% from $91.5 million for the fourth quarter of 2020. Total backlog at the end of Q1 was $157.1M, up 6.5 % from $147.6M at the end of 2020. Commenting on Q1 performance, Patrizio Vinciarelli, CEO, stated, "Q1 revenues and gross margins reflected strong demand and improved manufacturing efficiencies. Vertical integration of power packaging processes and increased capacity in expanded facilities will enable greater revenue and margin growth starting in 2022. For the balance of 2021, sequential quarterly increases in revenue are capacity constrained to 7% while bookings and backlog are expected to grow at a faster pace."
|Over a month ago|
Vicor appoints James Schmidt as CFO » 09:1104/0604/06/21
Vicor (VICR) announced…
Vicor (VICR) announced the appointment of James Schmidt as chief financial officer, effective June 1. Mr. Schmidt will join the Vicor board of directors and serve as the company's Treasurer and Secretary. Schmidt joins Vicor from Analog Devices (ADI) after a 35-year career which started in a wafer fab and included leadership positions in Finance, Engineering, Operations and Sales.
Vicor price target raised to $120 from $100 at BWS Financial » 11:1802/2602/26/21
BWS Financial analyst…
BWS Financial analyst Hamed Khorsand raised the firm's price target on Vicor to $120 from $100 and keeps a Buy rating on the shares. Vicor reported better than expected results as interest in using 48-volt power modules within data centers continues to rise, Khorsand tells investors in a research note. The analyst believes the industry is beginning to reach "an inflection on 48-volt modules becoming the primary power modules in high powered computing."
Vicor price target raised to $85 from $55 at Northland » 08:3202/2602/26/21
Northland analyst Gus…
Northland analyst Gus Richard raised the firm's price target on Vicor to $85 from $55 following the company's report of Q4 earnings and revenue that beat consensus. While he said he is confident in the company's long-term opportunity as he contends "its technology is the only practical solution to powering the most advanced power-hungry chips," Richard does not believe now is the right time to be buying shares given the stock's currently high P/E multiple. While he keeps a Market Perform rating on the shares, Richard adds that he is "looking for an opportunity to be more constructive."
Vicor reports Q4 EPS 25c, consensus 17c » 17:1302/2502/25/21
Reports Q4 revenue…
Reports Q4 revenue $84.3M, consensus $82.48M. Patrizio Vinciarelli, CEO, stated, "Fourth quarter results reflect improved margins in spite of manufacturing inefficiencies caused by outsourcing of critical process steps. Advanced Products bookings increased approximately 30%, offsetting a reduction in Brick Products orders. Our capacity expansion is on schedule and vertical integration of all of the process steps required by Advanced Products in our new facility should soon lead to shorter cycle times, greater efficiencies, and further improvements in gross and net margins."
|Over a quarter ago|
Needham names Applied Materials top pick in 2021, boosts price target to $110 » 07:3212/3012/30/20
Needham analyst Quinn…
Needham analyst Quinn Bolton raised the firm's price target on Applied Materials (AMAT) to $110 from $82 and keeps a Buy rating on the shares. The analyst also names the stock as his top pick in the SemiCap space for 2021, replacing Vicor (VICR). Bolton states that the last cycle was "not easy" for Applied Materials' weak NAND sector, but he sees the "tide turning", with WFE mix shift to DRAM favoring the company. The analyst further cites the stock's attractive valuation, as its forward PE multiple has fallen 3 to 4 turns below those of its closest peers.
Vicor price target raised to $95 from $85 at Needham » 08:3610/2310/23/20
Needham analyst Quinn…
Needham analyst Quinn Bolton raised the firm's price target on Vicor to $95 from $85 and keeps a Buy rating on the shares. The company's Q3 revenue topped expectations, with Advanced Product segment revenue and bookings growing amid ramps with HPC and AI accelerator customers, the analyst tells investors in a research note. Bolton also raises his FY20 EPS view on Vicor to 47c from 30c and FY21 view to $1.05 from 88c.
Vicor reports Q3 EPS 13c, consensus 8c » 16:3810/2210/22/20
Reports Q3 revenue…
Reports Q3 revenue $78.11M, consensus $73.7M. Commenting on the third quarter, Patrizio Vinciarelli, CEO, stated, "Despite supply-chain and product mix challenges, higher shipments of Advanced Products led to an increase in third quarter revenue. Bookings for Advanced Products grew across a multiplicity of applications and end markets. Our outlook for the fourth quarter is for a sequential increase in revenue and earnings per share. Capacity expansion is on schedule and vertical integration in our new manufacturing facility of all of the process steps required by Advanced Products should soon lead to shorter cycle times, greater efficiencies, and improved gross and net margins."