Vicor jumps as royalty income drives forecast upgrade

By Reuters News

** Shares of modular power components maker Vicor VICR.O rise 10% to $245.2 premarket

** Co raises Q3 sequential growth outlook to more than 20%, from nearly 10%

** Says the upgrade reflects royalties from a recently announced non-exclusive licence to Vertical Power Delivery (VPD)

** Four leading companies have secured licences to power system technology pioneered and patented by Vicor - CEO

** All four brokerages rate the stock "buy"; median PT is $387.50 - data compiled by LSEG

** Stock more than doubled YTD, as of last close

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.