Vicor jumps as royalty income drives forecast upgrade
BUZZ-Vicor jumps as royalty income drives forecast upgrade ** 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
(Reporting by Anand Gopal in Bengaluru)
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